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V3324-19 4 December 2019 · SG de Tributación de las Operaciones Financieras Criterion in force
IRPF · rendimientos del capital mobiliario

Life insurance payouts for disability generate investment income and may allow for main residence tax relief under transitional rules

A taxpayer queried the tax treatment of a life insurance payout used to settle a mortgage due to disability, and whether they could claim tax relief for their main residence. The Directorate General for Taxes (DGT) ruled that the amount received constitutes income from movable capital and that the debt settlement may qualify as an investment eligible for tax relief, provided the requirements of the transitional regime are met.

The question raised

Cuestión planteada Tributación en el Impuesto sobre la Renta de las Personas Físicas de la mencionada prestación. Posibilidad de aplicar la deducción por adquisición de vivienda habitual respecto al importe percibido por el banco.

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