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V0320-21 ·23 February 2021 ·consulta-vinculante Medium impact
Tax

Registration and re-buy costs for poker tournament prizes may be deductible

A taxpayer inquired whether buy-in and re-buy payments in poker tournaments can be deducted from prizes or treated as losses. The DGT ruled that these amounts must be included in the calculation to determine the actual gain or loss.

In 6 key points

How it affects those involved

This clarification ensures that the net profit from poker tournaments is correctly calculated by accounting for all tournament-related costs.

Lifecycle

2021-02-23PublishedPublished 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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