Skip to content
V0609-22 ·23 March 2022 ·consulta-vinculante Medium impact
Tax

Controlling a legal entity does not mean its assets belong to the controller

A taxpayer queried whether controlling a foundation in Curaçao with its own legal personality meant that contributed assets remained theirs and distributions did not constitute transfers. The DGT ruled that controlling an entity does not nullify its legal personality or the ownership of its assets, except in cases of fraud or abuse.

In 6 key points

How it affects those involved

This ruling reinforces the principle of legal separation between an entity and its controllers, providing legal certainty for asset management and preventing the automatic reclassification of transfers unless bad faith is proven.

Lifecycle

2022-03-23PublishedPublished 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