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000246 AI generated

Court holds that assets allocated by reinsurers for legal reserves are taxable capital gains under the Capital Gains Code.

Case Number 000246
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted
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Legislator summary

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The Supreme Administrative Court ruled that assets allocated by reinsurers to establish legal reserves for insured companies constitute taxable capital gains. The court affirmed that these assets are subject to the Capital Gains Code, rejecting the argument that their specific allocation exempts them from taxation. This decision clarifies that the nature of the asset as a capital gain remains unchanged regardless of its subsequent use for reserve formation.

Legislator headnote

Official

IMPOSTO DE CAPITAIS RESSEGURO RESERVAS MATEMATICAS JUROS

Keywords

AI generated
Capital Gains Code Reinsurance reserves Legal reserves Taxable assets Supreme Administrative Court

Cited Legislation

AI generated
Article 6, Section 6 of the Capital Gains Code
Article 8, Section 3 of the Civil Code
Article 1189 of the Civil Code

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Full text

[AREA TEMATICA 1] DIR FISC - CAPITAIS.

[LEGISLACAO NACIONAL] CICAP62 ART6 N6. CCIV66 ART8 N3 ART1189. CRP67 ART2 N1 R ART114 ART115.

[JURISPRUDENCIA NACIONAL] AC STA DE 1973/05/30 IN AP-DG DE 1974/12/27 PAG502. AC STA DE 1973/06/06 IN AP-DG DE 1974/12/27 PAG553. AC STA DE 1973/11/21 IN AP-DG DE 1974/12/27. AC STA DE 1975/04/10 INAP-DG DE 1975/04/10 PAG873. AC STA DE 1975/12/03 IN AD N170 PAG267. AC STA PROC16876 DE 1975/12/03. AC T2INSTCI DE 1969/01/15 IN CTF N122 PAG297. AC T2INSTCI DE 1972/03/28 IN CTF N179-180 PAG284. AC T2INSTCI DE 1972/07/12 IN CTF N179-180 PAG265.

[1ª PAG. DE PUBLICACAO DO ACORDAO] 535

[ANO DA PUBLICACAO] 76

[APENDICE] DR

[DATA DE ENTRADA] 10/07/1974

[DATA DO APENDICE] 12/11/1979

[Nº CONVENCIONAL] JSTA00013756

[Nº DO DOCUMENTO] SA219760519000246

[OBJECTO] AC T2INSTCI.

[PRIVACIDADE] 01

[RECORRENTE] COMP DE SEGUROS BONANÇA SARL

[RECORRIDO 1] FAZENDA NACIONAL

[REFERENCIA PUBLICACAO 1] AD N178 ANOXV PAG1276

[URL] https://www.dgsi.pt/jsta.nsf/35fbbbf22e1bb1e680256f8e003ea931/960B8CE21D320BDF802568FC00370D8E?OpenDocument

SUMÁRIO

As importancias creditadas as resseguradoras pela afectação de bens destas na constituição de reservas legais das seguradas constituem materia colectavel em imposto de capitais, de acordo com o n. 6 do artigo 6 do respectivo Codigo.