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V2116-17 ·10 August 2017 ·consulta-vinculante Medium impact
Tax

Refunds of floor clause amounts are not subject to Income Tax (IRPF) taxable base

A query was raised regarding the tax treatment of interest refunds resulting from floor clauses, whether arising from agreements or court rulings. The Directorate General for Taxes (DGT) has ruled that these amounts and their compensatory interest are not included in the taxable base.

In 6 key points

How it affects those involved

This ruling clarifies that taxpayers do not need to include floor clause refunds or related compensatory interest as taxable income, preventing double taxation on recovered funds.

Lifecycle

2017-08-10PublishedPublished 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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