Skip to content
V1337-15 ·29 April 2015 ·consulta-vinculante Medium impact
Tax

Joint account ownership does not determine fund ownership for Inheritance Tax purposes

A taxpayer inquired whether the balance of a current account held jointly with a deceased person must be taxed as part of an inheritance. The DGT ruled that bank account ownership only grants disposal powers towards the bank, but does not define the actual legal ownership of the funds.

In 6 key points

How it affects those involved

This ruling clarifies that bank account status is distinct from legal ownership, meaning assets in joint accounts may not automatically be treated as part of an estate for tax purposes.

Lifecycle

2015-04-29PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact