Skip to content
Back to index
V1604-22 1 July 2022 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del capital mobiliario

Life insurance returns must be taxed in the period when the benefit becomes due

A query was raised regarding the timing of taxation for life insurance capital that matured in 2020 but was collected in 2021. The DGT ruled that the temporal imputation depends on when the benefit becomes due under insurance regulations.

The question raised

Temporal imputation of the benefit received.

The DGT's ruling

Insurance benefits that generate returns on movable capital are imputed to the tax period in which the benefit becomes due to the beneficiary. This exigibility must be assessed following the occurrence of the contingency and the notification of the loss, in accordance with the provisions of the Insurance Contract Law.

Book your free first meeting