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MEDIUM
FISCAL

Active management and portfolio revaluation fees not deductible in income tax

V1236-25

Prepared and reviewed by the BMC editorial team  ·  Methodology

Technical details

Type
consulta-vinculante (what is this?)
Identifier
V1236-25
Published
4 Jul 2025

Summary

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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