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V1698-23 ·13 June 2023 ·consulta-vinculante Medium impact
Tax

Joint bank account ownership does not determine money ownership or necessarily imply a gift

The inquirer asks whether transferring money from a joint account or using it for their mother's expenses constitutes a gift. The DGT rules that account ownership only grants powers of disposal towards the bank, whereas the actual ownership of the funds depends on who provided them.

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2023-06-13PublishedPublished 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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