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V1780-15 ·8 June 2015 ·consulta-vinculante Medium impact
Tax

Formal and real ownership of foreign shares to be declared

A Spanish resident asks which code to use to declare the ownership of a foreign company and a portfolio of securities. The tax authority responds that code 1 should be used for formal ownership of shares and code 8 for real ownership of underlying assets.

In 6 key points

How it affects those involved

Residents must correctly declare formal and real ownership of foreign assets using specific codes to comply with tax reporting requirements.

Lifecycle

2015-06-08PublishedPublished 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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