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V2606-20 ·31 July 2020 ·consulta-vinculante Medium impact
Tax

The taxable amount for the transfer of an insurance portfolio is the total price agreed upon for the transaction

A branch of a French entity has requested clarification on whether the taxable amount for the acquisition of an insurance portfolio can be determined using a single global price. The Directorate General for Taxes (DGT) has ruled that the transaction is subject to VAT and that the taxable amount is the total consideration agreed upon.

In 6 key points

Lifecycle

2020-07-31PublishedPublished 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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