5. Premiums paid to private insurance that exclusively cover the risk of severe or high dependency
Give the right to reduce the general tax base of personal income tax the premiums paid to private insurance that exclusively covers the risk of severe dependency or great dependency according to to the provisions of Law 39/2006, of December 14, on the Promotion of Personal Autonomy and Care for people in a situation of dependency ( BOE of 15), when the following requirements:
Premiums can be satisfied by :
The taxpayer himself.
People who have a direct or collateral relationship with the taxpayer, up to and including the third degree.
The taxpayer's spouse.
Persons who had the taxpayer in their care under guardianship or foster care.
The premiums paid by the people referred to in letters b), c) and d) above are not subject to Inheritance and Donation Tax.
The aforementioned private insurance must in all cases meet the following requirements :
The taxpayer must be the policyholder, insured and beneficiary. Nevertheless. In the event of death, it may generate the right to benefits under the terms provided in the regulations governing pension plans and funds.
The insurance will have to offer an interest guarantee and use actuarial techniques.