In Spain, wedding gifts are not tax-exempt. Although many people see them as a show of affection, the Treasury considered a donation.
This means that, depending on their value and the link with whoever delivery, may be subject to Tax Successions and Donations. In this article we will explain to you when to declare these gifts, how to do it and if there are lawful ways to minimize the tax burden.
What the Law Says on Wedding Gifts?
Wedding gifts, especially those of high value such as money, jewelry, cars, or real estate, are considered donations for the Tax Agency. This implies that:
Are subject to the Tax on Donations.
Should be reported if they exceed certain thresholds established by each autonomous community.
When do you pay Tax on a Wedding Gift?
You will have to declare the gift if:
Exceeds the exemption limit set by your autonomous community.
The well, or money received can identify with and relate to with a particular person.
No matter what the form of the gift: cash, bank transfer, cheque or in-kind.
Who Should Declare the Gift?
The obligation to declare falls on those who receiving the gift, that is to say, the groom or the bride. Not about who gives it.
How do I Declare a Wedding Gift?
Is done by the model 651 and should be submitted:
Within 30 days from the time of delivery.
Depending on the autonomous community, apply tax rates and reductions specific.
Is there a Way to Pay Less or Avoid the Tax?
Yes, some autonomous communities offer bonuses if the gift comes from a kin (parents, grandparents). However:
The gifts from friends enjoy these reductions.
In regions such as Madrid, Valencia or Andalusia there are significant bonuses between family members.
What if you do Not Declare the Gift?
Finance can sancionarte with:
Surcharges and fines.
Revisions to tax if they detect increases property not justified.
The bank transfers high they can pick up automatic alerts.
Receive wedding gifts is something nice and traditional, but it may also have tax implications. If you have made a major gift (money, car, etc), you should inform yourself well and, in case of doubt, consult with an experienced attorney. It prevents unpleasant surprises with Finance!
Do you have made a major gift in your wedding and do not know if you should declare?
💼 In our boutique legal, we'll help you analyze your situation and comply with the Treasury without paying more.
EN 
ES