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V0800-22 ·11 April 2022 ·consulta-vinculante Medium impact
Tax

Gambling losses are computed globally and must be justified with legally admissible evidence

A query was made regarding how to justify losses incurred from sports betting. The Directorate General of Taxes (DGT) explains that gambling gains and losses are computed on a global basis, and that losses are only deductible if they do not exceed the gains obtained within the same tax period.

In 5 key points

How it affects those involved

This clarification provides certainty for taxpayers regarding the offsetting of gambling losses against winnings and the evidentiary requirements for tax reporting.

Lifecycle

2022-04-11PublishedPublished 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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