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V2616-19 ·24 September 2019 ·consulta-vinculante Medium impact
FISCAL

Reduction of 95% in share donation not applicable if donor not subject to Wealth Tax

A Spanish resident asks whether a 95% reduction on the donation of shares to their father, a Russian resident, can be applied. The DGT responds that it is not possible because the donor is not subject to Wealth Tax in Spain under the Double Taxation Agreement.

In 6 key points

How it affects those involved

Donors not subject to Spain's Wealth Tax cannot benefit from the 95% reduction on share donations, regardless of the recipient's residency.

Lifecycle

2019-09-24PublishedPublished 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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