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V0817-18 ·26 March 2018 ·consulta-vinculante Medium impact
Tax

Contributions of assets to a trust generally do not have tax effects in Spain

The taxpayer asks whether contributing assets to a US trust constitutes a taxable transfer. The DGT rules that, as the concept of a trust is not recognised in Spain, such contributions have no tax effects and transfers are considered to be made directly from the settlor to the beneficiary.

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2018-03-26PublishedPublished 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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