Doctrine by topic · DGT Observatory

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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 17 rulings · 2014–2024

Current position

The income from movable capital in life insurance is calculated by subtracting the premiums paid from the capital received. Premiums paid by the employer are only considered paid if they were subject to tax imputation for the employee as income in kind. The resulting income is included in the savings tax base.

The DGT's position remains constant regarding the formula for calculating income. The only relevant clarification is the confirmation that employer contributions only count as premiums if there was a prior tax imputation in the employee's IRPF (Personal Income Tax).

Turning points

  1. V1663-14

    Establishes that employer contributions may be included as premiums paid as long as they have been subject to tax imputation for the employee as income in kind.

Analysis based on 17 of 17 rulings with a stated position. Updated 25 September 2026.

Rulings on this topic

17
V1408-22 16 Jun 2022

Capital from 1988 life-saving insurance taxed as capital gains

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliarioseguro de vida-ahorrocapital diferidodisposición transitoria cuartabase imponible del ahorro LIRPF — Ley 35/2006 del IRPF art. 25.3.aLIRPF — Ley 35/2006 del IRPF art. 17.2.a
Affects CompanyExpat · Non-residentIndividual
V2329-20 8 Jul 2020

Capital received from 1988 life insurance taxed as capital gains

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliariocapital diferidoprimas satisfechasbase imponible del ahorrodisposición transitoria LIRPF — Ley 35/2006 del IRPF art. 25.3.aLIRPF — Ley 35/2006 del IRPF art. 17.2.a
Affects CompanyExpat · Non-residentIndividual
V1904-20 11 Jun 2020

Determination of returns on movable capital in life insurance

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliariocontrato de seguro de vidacapital en riesgoprovisión matemáticabase imponible del ahorro LIRPF — Ley 35/2006 del IRPF art. 25.3LIRPF — Ley 35/2006 del IRPF art. 17.2.a
Affects CompanyExpat · Non-residentIndividual
V3753-16 7 Sept 2016

Life insurance tax reduction inapplicable if premiums were paid after 1994

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliariocapital diferidoseguro de vidabase imponible del ahorroprimas satisfechas LIRPF — Ley 35/2006 del IRPF art. 25.3.aLIRPF — Ley 35/2006 del IRPF art. 49
Affects CompanyExpat · Non-residentIndividual
V3156-15 20 Oct 2015

Life insurance tax reduction unavailable if premiums were paid after 1994

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliariocapital diferidoprimas satisfechasbase imponible del ahorroseguro de vida LIRPF — Ley 35/2006 del IRPF art. 25.3.aLIRPF — Ley 35/2006 del IRPF art. 49
Affects CompanyExpat · Non-residentIndividual
V2253-14 3 Sept 2014

Life insurance return calculated by deducting premiums from the received capital

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliariocapital diferidoprimas satisfechasbase imponible del ahorroreducción por antigüedad LIRPF — Ley 35/2006 del IRPF art. 25.3.aLIRPF — Ley 35/2006 del IRPF art. 49
Affects CompanyExpat · Non-residentIndividual
V2205-14 7 Aug 2014

Life insurance payouts are taxed as income from movable capital

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliarioseguro de vidacapital diferidobase imponible del ahorroprimas satisfechas LIRPF — Ley 35/2006 del IRPF art. 25.3.aLIRPF — Ley 35/2006 del IRPF art. 49
Affects CompanyExpat · Non-residentIndividual

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