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V3325-20 ·11 November 2020 ·consulta-vinculante Medium impact
Tax

Withdrawal and re-deposit of own cash does not constitute taxable income for IRPF

A query was raised regarding whether withdrawing cash for personal custody and subsequently re-depositing it into a bank account has tax implications. The DGT ruled that this movement does not constitute income and, therefore, is not subject to taxation.

In 6 key points

How it affects those involved

N/A

Lifecycle

2020-11-11PublishedPublished 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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