7,2,3,6. Income derived from life or disability insurance contracts and capitalization operations
This section will include monetary or in-kind income, as well as their corresponding withholdings or payments on account (which the program transfers to box 0597 of the declaration), from life or disability insurance contracts and capitalization operations, except when they must be taxed as employment income.
Completion
To determine the amount of the total income from these capital gains, the following rules shall apply:
- Deferred capital
When deferred capital is received, the total return will be determined by the difference between the capital received and the amount of the premiums paid.
- Life or temporary annuities
Life annuities or temporary annuities acquired through inheritance, legacy or any other title of succession are not subject to personal income tax.
Temporary and life annuities will be included in the tax base according to the following rules: