Skip to content
V0734-24 ·16 April 2024 ·consulta-vinculante Medium impact
Tax

Transfer fee for Treasury Bill redemption reduces returns on movable capital

A query was raised regarding whether the fee applied by the Bank of Spain when transferring the redemption amount of Treasury Bills is deductible and when it should be attributed. The Directorate-General for Taxes (DGT) ruled that this fee reduces the return on movable capital and that such returns must be attributed to the financial year in which the securities are redeemed.

In 6 key points

Lifecycle

2024-04-16PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact