Skip to content
V1125-22 ·19 May 2022 ·consulta-vinculante Medium impact
Tax

Gambling losses are only deductible if they do not exceed winnings within the same period

A query was raised regarding how to justify sports betting losses in regulated venues. The DGT clarifies that gambling losses are only deductible if they do not exceed winnings from the same period and do not originate from games subject to special taxation.

In 5 key points

How it affects those involved

This clarification provides certainty for taxpayers regarding the deductibility of gambling losses for tax purposes, provided specific conditions are met.

Lifecycle

2022-05-19PublishedPublished 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