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V3172-20 22 October 2020 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · régimen transitorio

Retirement contingency for the 40% reduction occurs upon initial retirement or restoration of full pension payments

The inquirer asks when the retirement contingency is deemed to occur for the purpose of applying the 40% reduction to a pension plan with contributions made prior to 2007. The Directorate General of Taxes (DGT) responds that, as a general rule, the contingency occurs upon initial retirement; however, in cases of active retirement, it may occur when the full pension payment is restored.

The question raised

Cuestión planteada A efectos de aplicar la reducción del 40 por ciento prevista en el régimen transitorio, cuándo se considera acaecida la contingencia de jubilación.

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