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V3277-19 28 November 2019 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · estimación directa

Life insurance premiums covering death and disability are not tax-deductible

A professional using the direct estimation method has enquired whether premiums for a life insurance policy covering death and disability can be deducted. The Directorate General for Taxes (DGT) has ruled that these premiums are not deductible as they do not meet the specific criteria for permitted expenses.

The question raised

Whether the premiums paid for the aforementioned life insurance can be deducted as an expense up to a maximum of 500 euros per year.

The DGT's ruling

Life insurance premiums covering contingencies of death, permanent disability, and total incapacity are not deductible. These premiums do not meet the requirements of Rule 1 or Rule 5, letter a), of Article 30.2 of the Personal Income Tax Law (LIRPF). Therefore, as they are not expenses contemplated in said special rules, they do not constitute deductible expenses in the determination of net income.

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