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V3222-14 ·1 December 2014 ·consulta-vinculante Medium impact
Tax

Death benefits are not exempt from Income Tax but allow for a 40% reduction

A taxpayer inquired whether the death benefit received following the passing of their spouse was exempt or eligible for a reduction. The DGT has determined that it does not qualify as a burial or funeral allowance and is therefore taxable, but it does permit the reduction applicable to irregular income.

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Lifecycle

2014-12-01PublishedPublished 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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