Doctrine by topic · DGT Observatory

Fideicomisario: 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

Settled doctrine High confidence 9 rulings · 2017–2023

Current position

A trustee with power of disposal is taxed on full ownership for Inheritance and Gift Tax (ISD) and the Inheritance, Gift and Act of Free Transfer Tax (IIVTNU). Upon the death of the trustee, the fideicommissaries are taxed on the current value of the assets. The trustee or their heirs are entitled to a refund of the portion corresponding to the bare ownership of the assets that have not been disposed of.

The DGT's position remains constant regarding the treatment of the trustee with power of disposal and the right to a refund of the undisposed bare ownership. The rulings confirm that the transfer to the fideicommissary triggers the tax liability for the new acquirers and the right to recover the excess paid by the trustee.

Analysis based on 9 of 9 rulings with a stated position. Updated 28 September 2026.

Rulings on this topic

9
V3261-19 27 Nov 2019

Heirs of a fiduciary may claim a refund of tax paid on full ownership

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
sustitución fideicomisariafiduciariofideicomisariopleno dominionuda propiedad LISD — Ley 29/1987 de Sucesiones y Donaciones art. 1LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3.1.a
Affects CompanyExpat · Non-residentIndividual
V1147-17 12 May 2017

Residual trustee taxed on full ownership and may claim refund for bare ownership

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
fideicomiso de residuofiduciariofideicomisariopleno dominionuda propiedad LISD — Ley 29/1987 de Sucesiones y Donaciones art. 26.dRD 1629/1991 del Reglamento del Impuesto sobre Sucesiones y Donaciones
Affects CompanyExpat · Non-residentIndividual
V0991-17 24 Apr 2017

Tax on substitution of residue accrues upon the death of the fiduciary

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
sustitución fideicomisaria de residuofiduciariofideicomisariohecho imponibledevengo LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3.1.aLISD — Ley 29/1987 de Sucesiones y Donaciones art. 5.a
Affects CompanyExpat · Non-residentIndividual

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