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V0858-15 ·18 March 2015 ·consulta-vinculante Medium impact
Tax

Foreign money donation taxed under donor's habitual residence region's rules

The DGT confirms that donations of money from a U.S. account to a Spanish account are subject to the rules of the donor's habitual residence region and that no Model 720 filing is required for such transactions.

In 6 key points

How it affects those involved

Donations from foreign accounts are taxed under the recipient's habitual residence region's regulations, with no obligation to file Model 720.

Lifecycle

2015-03-18PublishedPublished 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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