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V0970-20 ·21 April 2020 ·consulta-vinculante Medium impact
Tax

Contributions of assets to a trust have no tax effects in Spain; subsequent transfers are subject to ISD

The taxpayer inquires about the tax implications of contributing assets to a trust. The DGT rules that, as the concept of a trust is not recognised in Spain, the relationships are considered to be direct between the settlor and the beneficiary.

In 6 key points

Lifecycle

2020-04-21PublishedPublished 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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