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V0210-26 ·4 February 2026 ·consulta-vinculante Medium impact
Tax

Metal custody expenses not deductible in income tax

The taxpayer asks whether the custody of precious metals can be deducted as an administration and deposit expense. The DGT responds that it cannot, as precious metals are not negotiable assets.

In 5 key points

How it affects those involved

Taxpayers cannot deduct costs related to the custody of precious metals as administrative or deposit expenses.

Lifecycle

2026-02-04PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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