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V1236-25 ·4 July 2025 ·consulta-vinculante Medium impact
Tax

Active management and portfolio revaluation fees not deductible in income tax

The consultant asks whether quarterly management and annual portfolio revaluation fees are deductible in income tax. The DGT responds that these fees are not deductible as administration expenses or as expenses inherent to the transfer of securities.

In 6 key points

Lifecycle

2025-07-04PublishedPublished 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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