Doctrine by topic · DGT Observatory

Transfer of Capital: 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

Refined position High confidence 19 rulings · 2014–2026

Current position

The transfer of capital is presumed to be remunerated at the legal interest rate, unless its gratuitous nature is proven by accrediting connection, purpose, and repayment. Bonuses for direct debiting payroll are considered income from movable capital for the owner of the funds. The forgiveness of loans between companies does not affect the IRPF (Personal Income Tax) of the partners, unless it is used as an instrument for wealth transfers. The resources from the transfer of capital are not assets assigned to economic activity.

The DGT's position remains stable regarding the presumption of remuneration for the transfer of capital and the nature of the income. Clarifications have been added concerning the forgiveness of loans between companies to prevent wealth transfers and regarding the assignment of bank balances to economic activity. There are no fundamental changes, but rather delimitations of the cases of exemption or neutrality.

Turning points

  1. V1488-22

    Introduces an exception to the neutrality of forgiveness between companies if it is used as an instrument for wealth transfers between partners.

  2. V0135-26

    Clarifies that the transfer of capital to third parties is not an asset assigned to economic activity, limiting the exemption in Wealth Tax and ITSGF (Tax on Large Fortunes).

Analysis based on 19 of 19 rulings with a stated position. Updated 25 September 2026.

Rulings on this topic

19
V1913-24 29 Aug 2024

Returns on joint accounts are attributed to the actual owners of the funds

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliariotitularidad realbase imponible del ahorrotitularidad jurídicacesión de capitales LIRPF — Ley 35/2006 del IRPF art. 11LIRPF — Ley 35/2006 del IRPF art. 25.2
Affects CompanyExpat · Non-residentIndividual
V2834-21 16 Nov 2021

Utility tokens must be valued at market price for Wealth Tax purposes

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
utility tokenactivo virtualprecio de mercadofondos propioscesión de capitales LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 13LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 14
Affects CompanyExpat · Non-residentIndividual
V2965-17 16 Nov 2017

Returns from joint venture accounts are taxed as income from movable capital

SG de Impuestos sobre la Renta de las Personas Físicas
cuentas en participaciónrendimientos del capital mobiliariogestorpartícipecesión de capitales LIRPF — Ley 35/2006 del IRPF art. 25.2RIRPF — RD 439/2007, Reglamento del IRPF art. 90
Affects CompanyExpat · Non-residentIndividual
V2778-14 15 Oct 2014

Deposit interest not taxable in IRPF if due after loss of Spanish residency

SG de Impuestos sobre la Renta de las Personas Físicas
rendimientos del capital mobiliarioresidencia fiscalperiodo impositivoexigibilidaddepósito LIRPF — Ley 35/2006 del IRPF art. 14.1.aLIRPF — Ley 35/2006 del IRPF art. 25.2
Affects CompanyExpat · Non-residentIndividual

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