Accounts Shared Between Parents and Children: Treasury Monitors These Movements

lavozdelsur.es

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It is becoming increasingly common for parents to share their bank account with children who have not yet achieved economic independence. Although at first glance this practice seems harmless, the Treasury could sanction it if it detects certain movements considered irregular or suspicious. The General Tax Law states that the Tax Agency can act if it considers that a shared account is being used to make covert donations or transfers of funds tha…

euribor.com.es

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In its constant fight against tax fraud, the Tax Agency has stepped up surveillance of bank accounts shared among family members, especially those opened between parents and children.