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V2447-23 ·13 September 2023 ·consulta-vinculante Medium impact
Tax

No tax liability on patrimony tax for US LLC ownership of a Spanish company

A US tax resident asks whether they must pay Spain's Patrimonio Tax due to holding a US LLC that indirectly owns a Spanish SA. The DGT states there is no real obligation as the LLC does not meet Spain's requirements for immovable assets.

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2023-09-13PublishedPublished 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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