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V0989-14 ·7 April 2014 ·consulta-vinculante Medium impact
Tax

Dissolution of a foreign trust does not trigger Spanish taxation

A company incorporated in Guernsey, holding shares owned by a UK trust, asks whether the dissolution of the trust, transferring ownership to beneficiaries in Germany, triggers Spanish tax. The DGT responds that the dissolution of this trust does not generate Spanish tax.

In 6 key points

How it affects those involved

The dissolution of a foreign trust does not constitute taxable event in Spain.

Lifecycle

2014-04-07PublishedPublished 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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