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V0050-21 ·18 January 2021 ·consulta-vinculante Medium impact
Tax

Spending money and consuming fungible goods for vital needs is not considered a disposal of protected assets

A query was raised regarding whether using funds from protected assets to cover a person with a disability's expenses constitutes a disposal of assets, which would trigger the repayment of tax benefits. The Directorate-General for Taxes (DGT) ruled that spending money to meet vital needs does not constitute a disposal of assets or rights.

In 6 key points

How it affects those involved

This ruling provides legal certainty for those managing protected assets, ensuring that essential spending for the beneficiary's welfare does not result in the loss of tax incentives.

Lifecycle

2021-01-18PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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