US Edition“Love Is Free, But Gifts Aren’t”: Tax Agency Targets Weddings
3 Articles
3 Articles
If not declared as donations, newlywed couples may face major fines from the Tax Agency
Communication media and social media messages say that Hacienda is “communicating” the newlyweds who must pay the gift tax for wedding gifts. Other contents, for which you have also asked us through our WhatsApp, say that the Tax Agency remembers through the “submission of notifications” that donations must be taxed. The donation tax, to which the wedding gifts would be subject, is autonomous. Therefore, in case these notifications were sent, it…
“Love Is Free, But Gifts Aren’t”: Tax Agency Targets Weddings
Spanish Tax Agency Cracks Down on Undeclared Wedding Gifts Newlyweds in Spain, take note: the Agencia Tributaria is keeping a close eye on wedding gifts, including cash transfers made via mobile payment services like Paypal. Gifts over €100 must now be declared as donations and are subject to Inheritance and Gift Tax. Couples must file Form 651 with the relevant tax authority within six months of the wedding, providing details of the gift’s valu…
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