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V5168-16 ·29 November 2016 ·consulta-vinculante Medium impact
Tax

Life insurance returns are calculated by subtracting premiums from the capital received

An individual requested clarification on how to tax capital received upon the maturity of a life insurance policy taken out in 1995. The DGT ruled that the return is the difference between the capital and the premiums paid, and that the reduction for old contracts does not apply.

In 6 key points

Lifecycle

2016-11-29PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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