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V1008-21 20 April 2021 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del capital mobiliario

SIALP, CIALP and PIAS returns may be tax-exempt subject to specific holding and contribution requirements

A taxpayer has enquired about the possibility of applying tax exemptions to returns from SIALP, CIALP and PIAS. The DGT outlines the requirements for each product, including contribution limits, minimum holding periods and conditions for establishing life annuities.

The question raised

Possibility of applying an exemption to the returns obtained.

The DGT's ruling

Positive returns from SIALP and CIALP are exempt if the capital is not withdrawn before five years from the opening and contributions do not exceed 5,000 euros annually. In the case of PIAS, the income arising from the establishment of an insured life annuity is exempt, provided that the first premium is more than five years old and the contribution limits are respected. For taxpayers over 65 years of age, capital gains from the transfer of assets may be excluded from taxation if they are reinvested in a life annuity within six months.

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