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V2873-16 ·22 June 2016 ·consulta-vinculante Medium impact
Tax

A director's ability to dispose of bank balances does not make them liable for Wealth Tax

A director asks whether they must declare foreign subsidiary account balances within Wealth Tax. The DGT responds that mere disposal power does not make the director liable for the tax, although they must submit the foreign assets declaration (form 720) if the conditions are met.

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2016-06-22PublishedPublished 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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