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V2931-17 ·15 November 2017 ·consulta-vinculante Medium impact
Tax

Cancellation of mortgage debt via life insurance classified as capital gain rather than insurance income

A query was made regarding the tax treatment of a life insurance benefit used to cancel a mortgage debt following the policyholder's death. The DGT has determined that the debt cancellation does not constitute insurance income, but rather a capital gain exempt due to death.

In 6 key points

Lifecycle

2017-11-15PublishedPublished 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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