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V2059-15 ·2 July 2015 ·consulta-vinculante Medium impact
Tax

Possession period determines application of regional rules

The DGT confirms that for a donation to a resident in Denmark, the five-year rule does not apply if the movable asset was owned for less than five years; instead, the period of ownership is calculated based on actual possession.

In 6 key points

How it affects those involved

The duration of ownership of movable assets determines whether regional rules apply, particularly in cases involving donations to non-residents.

Lifecycle

2015-07-02PublishedPublished 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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