Doctrine by topic · DGT Observatory

Mathematical Provision: 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 21 rulings · 2015–2026

Current position

The receipt of a capital sum for survival in a life insurance policy constitutes income from movable capital. This is calculated by subtracting the premiums paid from the capital received. It is possible to deduct the portion of the premiums corresponding to the capital at risk for death or disability, provided that this has been equal to or less than 5% of the mathematical provision throughout the term of the contract.

The DGT's position remains stable regarding the definition of income from movable capital. The possibility of deducting premiums for the capital at risk has been consolidated, provided that it does not exceed 5% of the mathematical provision during the term. Recent rulings ratify this calculation and the nature of the income.

Turning points

  1. V1431-23

    Establishes that the portion of the premiums corresponding to the capital at risk may be deducted if it has been equal to or less than 5% of the mathematical provision throughout the entire term.

Analysis based on 21 of 21 rulings with a stated position. Updated 25 September 2026.

Rulings on this topic

21
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
V0031-19 4 Jan 2019

Transitional regime not applicable if pension commitment undergoes variation

SG de Tributación de las Operaciones Financieras
régimen transitoriocompromisos por pensionesseguro colectivoprestación en forma de capitalprovisión matemática LIRPF — Ley 35/2006 del IRPF art. disposición transitoria undécimaReal Decreto Legislativo 1/2002
Affects CompanyExpat · Non-residentIndividual
V1165-18 8 May 2018

Surrender value of unit-linked insurance included in Wealth Tax taxable base

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
seguro unit linkedvalor de rescatebase imponiblehecho imponiblepatrimonio neto LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 3LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 17.Uno
Affects CompanyExpat · Non-residentIndividual
V0993-18 17 Apr 2018

Life insurance policies without surrender value are exempt from Wealth Tax

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
valor de rescateseguro de vidaunit linkedimpuesto sobre el patrimonioprovisión matemática LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 17.UnoLey 50/1980 del Contrato de Seguro
Affects CompanyExpat · Non-residentIndividual
V2516-17 5 Oct 2017

Life insurance policies without surrender value are not subject to Wealth Tax

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
seguro de vidavalor de rescatehecho imponibleunit linkedprovisión matemática LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 3LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 17.Uno
Affects CompanyExpat · Non-residentIndividual
V1658-17 27 Jun 2017

Company-paid life insurance premiums constitute benefits in kind

SG de Tributación de las Operaciones Financieras
rendimientos del trabajoimputación fiscalseguro de riesgocapital en riesgoprovisión matemática LIRPF — Ley 35/2006 del IRPF art. 17.1.fLGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V2871-16 22 Jun 2016

Transfer of mathematical provisions from a PPA to a PIAS is not permitted

SG de Tributación de las Operaciones Financieras
plan de previsión aseguradoplan individual de ahorro sistemáticoprovisión matemáticamovilizacióncontingencia RIRPF — RD 439/2007, Reglamento del IRPF art. 49.3LGT — Ley 58/2003 General Tributaria art. 89.1
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

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