Doctrine by topic · DGT Observatory

Reduction of the Principal: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 10 rulings · 2017–2024

Current position

The refund of amounts due to floor clauses and compensatory interest is not included in the Personal Income Tax (IRPF) taxable base. If the amount is deposited into the taxpayer's account, they must add the amounts unduly deducted in non-prescribed tax years to the state and regional net tax liability. To avoid this regularization, the financial institution must allocate the amounts directly to reduce the principal of the loan.

The DGT's position has remained constant since 2017. The criterion establishes that the refund is not income, but it requires the regularization of deductions if the money passes through the taxpayer's account. The only way to avoid adding it to the net tax liability is the direct application to the reduction of the principal.

Analysis based on 10 of 10 rulings with a stated position. Updated 28 September 2026.

Rulings on this topic

10
V0866-20 15 Apr 2020

Refunds due to floor clauses are not taxed in the IRPF taxable base

SG de Impuestos sobre la Renta de las Personas Físicas
cláusula suelobase imponiblededucción por inversión en vivienda habitualcuota líquidaintereses indemnizatorios LIRPF — Ley 35/2006 del IRPF art. Disposición adicional cuadragésima quintaRIRPF — RD 439/2007, Reglamento del IRPF art. 59
Affects CompanyExpat · Non-residentIndividual
V2135-17 17 Aug 2017

Floor clause refunds and associated interest are not included in the IRPF taxable base

SG de Impuestos sobre la Renta de las Personas Físicas
cláusula suelobase imponiblededucción por inversión en vivienda habitualcuota líquidaintereses indemnizatorios LIRPF — Ley 35/2006 del IRPF art. disposición adicional cuadragésima quintaRIRPF — RD 439/2007, Reglamento del IRPF art. 59
Affects CompanyExpat · Non-residentIndividual
V2116-17 10 Aug 2017

Refunds of floor clause amounts are not subject to Income Tax (IRPF) taxable base

SG de Impuestos sobre la Renta de las Personas Físicas
cláusula suelobase imponiblecuota líquidadeducción por inversión en vivienda habitualintereses indemnizatorios LIRPF — Ley 35/2006 del IRPF art. disposición adicional cuadragésima quintaReal Decreto-ley 1/2017
Affects CompanyExpat · Non-residentIndividual
V2102-17 7 Aug 2017

Refunds from floor clauses are not included in the IRPF taxable base

SG de Impuestos sobre la Renta de las Personas Físicas
cláusula suelobase imponiblededucción por inversión en vivienda habitualintereses indemnizatoriosgasto deducible LIRPF — Ley 35/2006 del IRPF art. disp. adic. 45ªLGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V2095-17 4 Aug 2017

Refunds for floor clauses are not included in the IRPF taxable base

SG de Impuestos sobre la Renta de las Personas Físicas
cláusula suelodeducción por inversión en vivienda habitualcuota líquidabase imponibleintereses indemnizatorios LIRPF — Ley 35/2006 del IRPF art. disposición adicional cuadragésima quintaRIRPF — RD 439/2007, Reglamento del IRPF art. 59.1
Affects CompanyExpat · Non-residentIndividual
V2042-17 27 Jul 2017

Refund of interest due to floor clauses is not subject to Income Tax (IRPF) taxable base

SG de Impuestos sobre la Renta de las Personas Físicas
cláusula suelobase imponiblededucción por inversión en vivienda habitualcuota líquidaintereses indemnizatorios LIRPF — Ley 35/2006 del IRPF art. Disposición adicional cuadragésima quintaRIRPF — RD 439/2007, Reglamento del IRPF art. 59
Affects CompanyExpat · Non-residentIndividual

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