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V1934-16 ·4 May 2016 ·consulta-vinculante Medium impact
FISCAL

Deduction of foreign tax on gifts subject to limits

A Madrid resident asks whether they can deduct tax paid in Germany on a gift received. The DGT responds that the international double taxation deduction is limited to the lower of two amounts.

In 6 key points

How it affects those involved

Residents receiving gifts from abroad may only deduct foreign taxes paid up to the lower of the two amounts: the tax paid abroad or the tax that would have been due in Spain.

Lifecycle

2016-05-04PublishedPublished 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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