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V2052-15 ·1 July 2015 ·consulta-vinculante Medium impact
Tax

Compensation for financial loss arising from contractual civil liability is taxed as a capital gain

A taxpayer inquired whether compensation claimed for discrepancies in a disability pension is exempt from Personal Income Tax (IRPF). The Directorate General for Taxes (DGT) ruled that, as it constitutes financial loss rather than personal injury, it is not exempt and must be taxed as a capital gain.

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2015-07-01PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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