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V0069-23 ·20 January 2023 ·consulta-vinculante Medium impact
Tax

Cash donations do not generate capital gains or losses for the donor nor are they subject to Income Tax for the donee

Parents consulted on the Income Tax implications of donating €30,000 to their daughter for a home purchase. The DGT clarified that the donor does not need to declare a capital gain or loss, and the daughter is not taxed on the receipt of the funds under Income Tax.

In 6 key points

Lifecycle

2023-01-20PublishedPublished 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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