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V0251-25 ·5 March 2025 ·consulta-vinculante Medium impact
Tax

No tax in Spain for direct US pension to IRA transfer

A retiree asks whether transferring US pension funds to an IRA or a Spanish pension plan triggers Spanish taxation. The DGT states that direct transfers to a US pension fund (such as an IRA) are tax-free in Spain, but if the contributor receives the funds or moves them to Spain, it is considered income from employment.

In 6 key points

Lifecycle

2025-03-05PublishedPublished 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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