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V3316-20 ·6 November 2020 ·consulta-vinculante Medium impact
Tax

Trust distributions deemed direct transfers from settlor to beneficiary subject to Inheritance and Gift Tax

The taxpayer inquired about the taxation of trust distributions made to beneficiaries. The Directorate General for Taxes (DGT) ruled that, as the concept of a trust is not recognised under Spanish law, such transfers are considered to be made directly between the settlor and the beneficiary.

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Lifecycle

2020-11-06PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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