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V2532-21 ·8 October 2021 ·consulta-vinculante Medium impact
Tax

Insurance fire compensation is deemed received by borrowers even if used to settle debt

A taxpayer inquired about the tax treatment of fire insurance compensation used to partially repay a mortgage and distribute the remainder. The DGT ruled that the compensation is considered received by the three siblings as borrowers, and the resulting capital gain or loss will depend on whether the amount matches the cost of repairs.

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2021-10-08PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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