Skip to main content
Form 100. 2019 Personal Income Tax return

Redemption of temporary and life annuities

In the event of the termination of temporary or life annuities, when the termination of the annuity originates in the exercise of the right to redemption, the return on movable capital will be the result of adding:

  • The redemption amount

  • The income paid up to that moment

And to subtract:

  • Premiums paid

  • Amounts that have been taxed as income from movable capital.

When the income has been acquired by donation or any other legal business in a free and inter vivos manner, the accumulated return until the income is established (difference between the current financial-actuarial value of the income at the time of its creation and the amount of the premiums paid in Article 18,1 ().