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V1156-24 ·23 May 2024 ·consulta-vinculante Medium impact
Tax

Foreign assets not taxable in Spanish succession tax if Spanish entity acts only as intermediary

The DGT confirms that foreign bonds and Luxembourg funds are not subject to succession and donations tax if the Spanish entity acts only as an intermediary and does not hold custody of the assets, and the assets are not situated in Spain or capable of being exercised there.

In 6 key points

How it affects those involved

Spanish entities acting solely as intermediaries in foreign assets are exempt from succession and donations tax if the assets are not physically located in Spain or can be exercised there.

Lifecycle

2024-05-23PublishedPublished 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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