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V1177-18 ·9 May 2018 ·consulta-vinculante Medium impact
FISCAL

No taxation required for non-resident on foreign fund holdings

A Turkish resident asks whether they must pay Wealth Tax on a fixed and variable income fund portfolio issued by non-resident entities and managed by a Spanish bank. The DGT responds that no taxation applies due to the absence of assets located in or exercisable within Spain.

In 6 key points

How it affects those involved

Non-residents are not subject to Wealth Tax on foreign investment funds if the assets are not situated or exercisable in Spain.

Lifecycle

2018-05-09PublishedPublished 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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