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V1966-22 ·15 September 2022 ·consulta-vinculante Medium impact
Tax

Trust distributions deemed direct transfers for Spanish tax purposes

A Spanish resident enquires about the tax treatment of distributions from a foreign family trust. The DGT clarifies that, as trusts are not recognised in Spain, the relationships are considered direct between contributors and beneficiaries.

In 6 key points

How it affects those involved

Distributions from foreign family trusts are treated as direct transfers for income tax and wealth tax purposes, with no separate tax treatment for trusts.

Lifecycle

2022-09-15PublishedPublished 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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