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V2572-22 ·20 December 2022 ·consulta-vinculante Medium impact
Tax

Transfers of assets from a Peruvian trust are deemed direct from the settlor to the beneficiary

The applicant inquired whether a Peruvian bank trust is transparent for Inheritance and Gift Tax purposes. The DGT ruled that, as the concept of a trust is not recognised in Spain, transfers are considered to be made directly between the settlor and the beneficiary.

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2022-12-20PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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