News published in INFORMA 2019

News published in INFORMA during the month of July

A taxpayer who contributed to the Mutualidad Laboral de Banca until its integration into Social Security will not be able to apply the DT 2 LIRPF to the retirement pension received from Social Security since said mutual society was considered a Social Security Management Entity and the amounts contributed to the Mutualidad Laboral have had the nature of Social Security contributions. As a result, since the benefits received are Social Security benefits, there is no express regulatory support for applying to the pension received tax treatment different to that established for Social Security pensions in general.

If the taxpayer had made deductions for the acquisition of their main residence due to the amounts refunded as a result of the cancellation of the multi-currency clause, they will lose the right to make the deduction in connection with the same, which will oblige the taxpayer to regularize their tax situation in accordance with the provisions of Article 59 Personal Income Tax Regulations.

If the taxpayer had made deductions for the acquisition of their main residence due to the amounts refunded as a result of the cancellation of the multi-currency clause, they will lose the right to make the deduction in connection with the same, which will oblige the taxpayer to regularize their tax situation in accordance with the provisions of Article 59 Personal Income Tax Regulations.

When a multi-currency mortgage loan is entered into in which paying the amounts for repaying part of the outstanding capital of the loan generates a capital gain or loss from the differences in the value of the currency with respect to the exchange rate with the euro in which the loan was initially established. In accordance with the provisions of Articles 46 and 49.1.b) Personal Income Tax Act, these capital gains or losses will be incorporated into the savings tax base