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V0983-25 ·10 June 2025 ·consulta-vinculante Medium impact
Tax

Spain's Bank of Spain transfer fee reduces Treasury bills' capital return

The consultant asks whether the Bank of Spain's fee for transferring funds from Treasury bill amortisation is deductible. The DGT replies that this fee must be deducted from the repayment value to calculate the return obtained.

In 6 key points

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2025-06-10PublishedPublished 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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