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V0645-24 11 April 2024 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · régimen transitorio

Deadline for applying the 40% pension plan reduction under the transitional regime

The inquirer asks about the deadline for applying the 40% reduction for contributions made prior to 2007 after accessing partial retirement. The DGT responds that the deadline depends on when the contingency occurs and that the reduction can only be applied once for the same contingency.

The question raised

1. Available period to apply the 40 percent reduction provided for in the transitional regime.

The DGT's ruling

The 40% reduction for contributions made until 2006 is applicable to benefits received in the form of capital within the fiscal year of the contingency or in the two following years. In the case of partial retirement, the contingency occurs when the collection of the benefit begins or upon accessing full retirement. If multiple redemptions are made for the same contingency, the reduction may only be applied to one of them, with the option to choose the fiscal year within the legal period.

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