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V2605-22 ·22 December 2022 ·consulta-vinculante Medium impact
Tax

Joint ownership of a 'not-to-order' account does not determine money ownership or constitute an automatic gift

A taxpayer asks whether depositing inherited funds into a joint account with a spouse has tax implications. The DGT rules that the authority to manage funds held at a bank does not imply ownership of the money nor the existence of a co-ownership arrangement.

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2022-12-22PublishedPublished 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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