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V1385-25 ·21 July 2025 ·consulta-vinculante Medium impact
Tax

Usufructuaries can deduct administration and deposit costs from capital gains

The DGT confirms that a usufructuarian receiving dividends from shares may deduct custody costs, provided legal deductibility conditions are met.

In 6 key points

How it affects those involved

Usufructuaries of shares can now deduct custody and administration expenses from their capital gains, subject to legal conditions.

Lifecycle

2025-07-21PublishedPublished 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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