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V0848-26 ·21 April 2026 ·consulta-vinculante Medium impact
Tax

Duty to report ownership in foreign LLCs and overseas crypto custody

A Spanish resident asks whether they must declare their stake in a US LLC and crypto assets. The DGT clarifies that reporting of LLC shares (Form 720) and crypto assets (Form 721) is required if held by non-resident third-party custodians.

In 6 key points

How it affects those involved

Residents must report ownership in foreign LLCs and crypto assets held by non-resident custodians via the appropriate forms.

Lifecycle

2026-04-21PublishedPublished 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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