Skip to content
V0307-20 ·10 February 2020 ·consulta-vinculante Medium impact
Tax

Joint ownership of an 'indistinct' account does not determine money ownership and may be subject to inheritance tax

The inquirer asks whether they must pay tax on 50% of the balance of current accounts following their mother's death, given these accounts are jointly held. The DGT responds that the authority to dispose of funds is not the same as legal ownership, and that the origin of the funds will determine whether inheritance tax is applicable.

In 6 key points

Lifecycle

2020-02-10PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact