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V3277-19 ·28 November 2019 ·consulta-vinculante Medium impact
Tax

Life insurance premiums covering death and disability are not tax-deductible

A professional using the direct estimation method has enquired whether premiums for a life insurance policy covering death and disability can be deducted. The Directorate General for Taxes (DGT) has ruled that these premiums are not deductible as they do not meet the specific criteria for permitted expenses.

In 6 key points

How it affects those involved

This ruling clarifies that life insurance premiums covering both death and disability do not qualify as deductible expenses for professionals under the direct estimation regime.

Lifecycle

2019-11-28PublishedPublished 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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