Doctrine by topic · DGT Observatory

Movable Property: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Stable position Low confidence 36 rulings · 2014–2026

Current position

Tangible movable property, such as current accounts and holdings in investment funds, is taxed in the State where it is effectively located. In the context of inheritance, shares in companies registered in a State are taxed in said State, unless they are effectively located in the State of residence of the deceased. For residents in the EU, it is permitted to apply the regulations of the Autonomous Community where the asset has been located for the majority of the last five years.

The position of the DGT does not show a single doctrinal evolution, as the rulings address different matters such as IVA (VAT), IRPF (Personal Income Tax), or Inheritance Tax. Regarding the application of regional regulations by residents in the EU, the criterion has remained constant since 2020. In matters of inheritance, the interpretation is adjusted to the application of international treaties to determine the effective location of the assets.

Analysis based on 35 of 36 rulings with a stated position. Updated 23 September 2026.

Rulings on this topic

24
V0424-26 26 Feb 2026

Inheritance of Swedish assets from Swedish residents taxed in Sweden

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
hecho imponiblebienes inmueblesbienes mueblestítulos valores mobiliariosinstituciones de inversión colectiva LISD — Ley 29/1987 de Sucesiones y Donaciones art. 2.1LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3.1.a
Affects CompanyExpat · Non-residentIndividual
V0837-23 11 Apr 2023

Non-residents taxed in Spain on cash donations located in Spanish territory

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
obligación realdonatariodonaciónresidencia fiscalbienes muebles LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3LISD — Ley 29/1987 de Sucesiones y Donaciones art. 5
Affects CompanyExpat · Non-residentIndividual
V0505-21 5 Mar 2021

EU non-residents may opt for regional regulations where shares were located

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
donaciónobligación realbienes mueblesresidencia fiscaldevengo LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3.1.bLISD — Ley 29/1987 de Sucesiones y Donaciones art. 5.b
Affects CompanyExpat · Non-residentIndividual
V3218-20 28 Oct 2020

Non-residents in third countries may apply autonomous community rules

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
obligación reallibertad de movimiento de capitalesdonatario no residentebienes mueblesprincipio de primacía LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3LISD — Ley 29/1987 de Sucesiones y Donaciones art. 5
Affects CompanyExpat · Non-residentIndividual
V3114-20 19 Oct 2020

Non-residents in third countries may apply regional rules for movable assets

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
donaciónno residentebienes muebleshecho imponiblesujeto pasivo LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3.1.bLISD — Ley 29/1987 de Sucesiones y Donaciones art. 5.b
Affects CompanyExpat · Non-residentIndividual
V2693-20 2 Sept 2020

Depreciation of movable assets leased with residential property is permissible

SG de Impuestos sobre la Renta de las Personas Físicas
rendimientos del capital inmobiliarioamortizaciónbienes mueblescoeficientes de amortizacióngastos deducibles LIRPF — Ley 35/2006 del IRPF art. 23LIRPF — Ley 35/2006 del IRPF art. 27.2
Affects CompanyExpat · Non-residentIndividual
V0418-20 21 Feb 2020

Non-residents can apply autonomous community rules where funds were held

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
donaciónobligación reallibertad de movimiento de capitalesdonatario no residentebienes muebles LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3.1.bLISD — Ley 29/1987 de Sucesiones y Donaciones art. 5.b
Affects CompanyExpat · Non-residentIndividual
V0727-18 19 Mar 2018

Furniture provided with a rental property may be subject to depreciation

SG de Impuestos sobre la Renta de las Personas Físicas
rendimientos del capital inmobiliarioamortizaciónbienes mueblescoeficiente de amortizacióngastos deducibles LIRPF — Ley 35/2006 del IRPF art. 23RIRPF — RD 439/2007, Reglamento del IRPF art. 13
Affects CompanyExpat · Non-residentIndividual

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