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V0323-24 ·5 March 2024 ·consulta-vinculante Medium impact
Tax

Investment portfolios of non-resident entities taxed in Spain if held by Spanish custodians

A resident in Egypt asks whether investment portfolios of a deceased person, composed of shares in non-resident entities but held in Spain, are subject to tax. The DGT responds that yes, because holding assets in a Spanish financial institution establishes the assets' location within Spain.

In 6 key points

How it affects those involved

Investment portfolios held in Spain by non-resident entities are subject to Spanish taxation due to the custodial arrangement in a Spanish financial institution.

Lifecycle

2024-03-05PublishedPublished 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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