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V3001-18 ·21 November 2018 ·consulta-vinculante Medium impact
Tax

Insurance compensation for the total loss of a vehicle does not constitute a capital gain

A taxpayer asks whether the compensation received for the total loss of their vehicle must be taxed under Personal Income Tax (IRPF). The DGT responds that there is no variation in assets because the compensation offsets the value of the damages suffered.

In 6 key points

Lifecycle

2018-11-21PublishedPublished 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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