Skip to content
V1981-18 ·2 July 2018 ·consulta-vinculante Medium impact
Tax

Collective insurance benefits under pension commitments do not qualify for 40% or 30% reductions

The taxpayer asks whether reductions can be applied to the capital of a collective insurance policy received upon retirement and if depositing the funds into a joint account with a spouse constitutes a gift. The DGT rules that the reductions do not apply as the insurance was contracted in 2012 and that the income is subject to full taxation under the beneficiary's Personal Income Tax (IRPF).

In 6 key points

Lifecycle

2018-07-02PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact