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V2329-20 ·8 July 2020 ·consulta-vinculante Medium impact
Tax

Capital received from 1988 life insurance taxed as capital gains

A taxpayer inquired about the taxation of capital received in 2017 upon the maturity of a life insurance policy taken out in 1988. The DGT clarifies that capital gains are calculated by deducting premiums from the received capital, and a reduction may apply for premiums paid before 1994.

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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