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V5381-16 20 December 2016 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
ISD · donación de dinero

Cash donations are subject to Inheritance and Gift Tax

A query was made regarding the taxation applicable to online contributions received to purchase a concert harp. The DGT indicates that these cash donations are subject to Inheritance and Gift Tax.

The question raised

Question raised: Applicable taxation.

The DGT's ruling

The donation of money constitutes a taxable event for Inheritance and Gift Tax pursuant to Article 3.1.b) of Law 29/1987. The donee is the taxable person and, if habitually resident in Spain, shall be taxed under personal obligation. A self-assessment must be filed before the Autonomous Community of residence for each individual donation within thirty days from the date the amount becomes available.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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