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V1875-24 ·7 August 2024 ·consulta-vinculante Medium impact
Tax

Interest on loans for purchasing shares or bonds is not deductible for Personal Income Tax

A taxpayer inquired whether interest on a loan used to acquire shares and bonds through a margin account is deductible. The Directorate General for Taxes (DGT) ruled that such interest cannot be deducted from investment income or capital gains.

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2024-08-07PublishedPublished 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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