Doctrine by topic · DGT Observatory

Insolvency Proceedings: 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 51 rulings · 2022–2025

Current position

A debtor's failure to pay does not automatically generate a loss of assets. The loss from overdue and uncollected credits is only attributable when the circumstances of Article 14.2 letter k) of the LIRPF (Personal Income Tax Law) occur, such as the effectiveness of a debt write-off or the conclusion of insolvency proceedings without satisfaction of the credit. In the case of the liquidation of assets, the conclusion of the insolvency proceedings allows the loss to be considered as having occurred.

The DGT's position remains constant throughout the sequence. The criterion establishes that non-payment is not a sufficient cause and requires the occurrence of specific circumstances under the LIRPF or the conclusion of the insolvency proceedings. No changes are observed in the interpretation of the requirements for the attribution of the loss.

Analysis based on 51 of 51 rulings with a stated position. Updated 1 August 2026.

Rulings on this topic

24
V5346-26 28 Jul 2026

Loss of wealth due to fraud: when a credit right exists

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialderecho de créditoimputación temporalejecución forzosaprocedimiento concursal LIRPF — Ley 35/2006 del IRPF art. 14.2.kLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual
V1216-26 22 May 2026

Loss on share acquisition can be recognised after company dissolution

SG de Impuestos sobre la Renta de las Personas Físicas
ganancias y pérdidas patrimonialescuota de liquidaciónextinción de sociedadprocedimiento concursalrenta del ahorro LIRPF — Ley 35/2006 del IRPF art. 14.1.cLIRPF — Ley 35/2006 del IRPF art. 33
Affects CompanyExpat · Non-residentIndividual
V1139-26 20 May 2026

Loss from crypto assets cannot be recognised unless judicially uncollectible

SG de Impuestos sobre la Renta de las Personas Físicas
ganancias y pérdidas patrimonialesderecho de créditoimputación temporalprocedimiento concursalejecución forzosa LIRPF — Ley 35/2006 del IRPF art. 14.2.kLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual
V0029-26 9 Jan 2026

No exemption for non-primary residence in payment deed

SG de Impuestos sobre la Renta de las Personas Físicas
dación en pagoganancia patrimonialvivienda habitualexoneración del pasivo insatisfechoprocedimiento concursal LIRPF — Ley 35/2006 del IRPF art. 33.4.dLIRPF — Ley 35/2006 del IRPF art. disposición adicional cuadragésima tercera
Affects CompanyExpat · Non-residentIndividual
V0027-26 9 Jan 2026

Non-payment of a credit does not automatically result in a patrimonial loss

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialderecho de créditoincobrabilidad judicialprocedimiento concursalimputación temporal LIRPF — Ley 35/2006 del IRPF art. 14.2.kLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual
V1218-25 4 Jul 2025

Loss cannot be recognised without meeting Article 14.2 k) requirements

SG de Impuestos sobre la Renta de las Personas Físicas
pérdida patrimonialderecho de créditocréditos vencidos y no cobradosprocedimiento concursalbase imponible general LIRPF — Ley 35/2006 del IRPF art. 14.2.kLIRPF — Ley 35/2006 del IRPF art. 33.1
Affects CompanyExpat · Non-residentIndividual
V1105-25 25 Jun 2025

No exemption from IRPF for selling home to pay society debt

SG de Impuestos sobre la Renta de las Personas Físicas
ganancia patrimonialvivienda habitualexencióndación en pagoprocedimiento concursal LIRPF — Ley 35/2006 del IRPF art. 33.4.dLey Concursal — Ley 22/2003
Affects CompanyExpat · Non-residentIndividual

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