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V0086-19 ·15 January 2019 ·consulta-vinculante Medium impact
Tax

Shares in a Ceuta securities account count towards the local asset requirement

A resident of Ceuta inquired whether shares held in a securities account at a local branch count as assets located in the city for the deduction under Article 68.4.1.b) of the Personal Income Tax Act (LIRPF). The Directorate General for Taxes (DGT) ruled that holding shares in a securities account opened at a branch in Ceuta means those assets are considered to be located in the city.

In 5 key points

How it affects those involved

This ruling clarifies the location of financial assets for tax purposes, confirming that the physical location of the branch where the securities account is held determines the asset's location for local tax deductions.

Lifecycle

2019-01-15PublishedPublished 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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