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V1447-19 ·17 June 2019 ·consulta-vinculante Medium impact
Tax

Joint ownership of a joint account does not determine ownership of the deposited funds

The inquirer asks whether depositing his wife's separate property into a joint account constitutes a gift. The DGT rules that the authority to manage funds held at a bank does not imply ownership of those funds, which instead depends on the source of the money.

In 6 key points

How it affects those involved

This ruling clarifies that the legal right to access or manage funds in a joint account is distinct from the actual ownership of the assets, preventing the automatic presumption of gift or shared ownership based solely on account status.

Lifecycle

2019-06-17PublishedPublished 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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