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V3275-19 28 November 2019 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · base imponible

Personal Income Tax base can be reduced by pension plan contributions even if redeemed in the same tax year

The inquirer asks whether it is possible to reduce their taxable base through pension plan contributions and subsequently redeem the capital within the same tax year. The Directorate General for Tax (DGT) responds that making contributions and receiving benefits in the same year does not prevent the application of the reduction to the taxable base.

The question raised

Possibility of reducing the tax base through contributions to the pension plan in the 2019 fiscal year.

The DGT's ruling

The fact of making contributions to pension plans and receiving benefits within the same fiscal year does not affect the right to apply the reduction to the taxable base. If the contribution remains within the limits of Articles 50.1 and 52.1 of the LIRPF, said amount may be subject to reduction in the taxable base of the year in which the contribution is made.

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