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V2602-23 ·27 September 2023 ·consulta-vinculante Medium impact
Tax

No capital gains tax applies if insurance compensation matches the cost of home repairs

A taxpayer inquired about the tax treatment of insurance compensation received for damage to their home and whether it could be used for repairs. The DGT ruled that no capital gain arises if the cost of the repairs is equal to the compensation received.

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2023-09-27PublishedPublished 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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