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V0718-19 ·29 March 2019 ·consulta-vinculante Medium impact
Tax

Contribution of assets to a trust is not a gift for Income Tax purposes and transfers are deemed direct

A father wishes to contribute company shares to an irrevocable trust for the benefit of his son. The DGT rules that, as the concept of a trust is not recognised in Spain, the relationships are considered direct between the settlor and the beneficiary.

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2019-03-29PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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