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V2427-24 ·26 November 2024 ·consulta-vinculante Medium impact
Tax

No exemption for reinvestment in life annuities if contract does not serve the purpose of transforming savings into annuity

A taxpayer asked whether reinvestment exemption could apply after selling property and taking out a death benefit insurance policy. The DGT replied that it is not possible if the contract does not meet legal requirements and does not serve the purpose of converting savings into a life annuity.

In 6 key points

Lifecycle

2024-11-26PublishedPublished 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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