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V2551-23 25 September 2023 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · obligación real

Determination of the location of holdings in investment funds for Wealth Tax applicable to non-residents

A Mexican tax resident asks where shares in a foreign investment fund are situated for wealth tax purposes. The DGT responds that, as the fund is foreign, the shares are considered to be located in the autonomous community where the financial institution's office housing the client's investment account is situated.

The question raised

Question posed For the purposes of the application of Wealth Tax and the regional regulations approved by the Autonomous Communities, where is the Investment Fund considered to be located.

The DGT's ruling

Para participaciones en instituciones de inversión colectiva extranjeras, que generalmente se encuentran depositadas en una cuenta de valores, la ubicación de los bienes es la sede de la sucursal de la entidad financiera donde figuren depositadas. Por tanto, el no residente tributará por obligación real según la normativa de la Comunidad Autónoma donde radique dicha oficina bancaria.

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