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V2811-17 ·2 November 2017 ·consulta-vinculante Medium impact
FISCAL

Transfer of funds between current accounts does not constitute income

A Canadian resident wishes to transfer funds from a withdrawn pension plan to a Spanish entity after moving to Spain. The DGT states that movements between accounts do not constitute income.

In 6 key points

How it affects those involved

The transfer of funds between bank accounts is not considered taxable income, avoiding potential double taxation on global income.

Lifecycle

2017-11-02PublishedPublished 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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