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V1291-25 ·11 July 2025 ·consulta-vinculante Low impact
Tax

To claim professional expenses, they must correlate with income and be exclusively allocated to the activity

A financial advisor asks which expenses can be deducted from their income tax. The DGT responds that expenses must be linked to income generation, be justified and documented, and vehicle tourism expenses are only deductible if used exclusively for the activity.

In 6 key points

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2025-07-11PublishedPublished 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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