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V2328-20 ·8 July 2020 ·consulta-vinculante Medium impact
Tax

Life insurance surrenders with premiums paid before 1995 may qualify for Income Tax reductions

A taxpayer has enquired about the taxation and potential reductions applicable to a life insurance policy taken out in 1993. The Directorate General for Taxes (DGT) explains that the capital received is taxed as income from movable capital and details the transitional regime for premiums paid before 1995.

In 6 key points

Lifecycle

2020-07-08PublishedPublished 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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