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V1613-23 ·7 June 2023 ·consulta-vinculante Medium impact
Tax

Money transfers from a usufructuary to a bare owner constitute a gift subject to tax

An heir holding the bare ownership of a forest plot asks whether transferring funds obtained from the sale of timber (belonging to the usufructuary) to their bank account has tax implications. The DGT rules that such an operation is a gift and must be taxed in the Autonomous Community where the donee resides.

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2023-06-07PublishedPublished 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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