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V3471-20 ·1 December 2020 ·consulta-vinculante Medium impact
Tax

Betting advisor fees do not affect the calculation of capital gains or losses from gambling

The inquirer asks how to determine gains or losses from sports betting and whether advisor fees can be deducted or gaming accounts transferred. The DGT rules that such fees do not influence the calculation of wealth variations and that gains or losses belong to the account holder.

In 6 key points

How it affects those involved

This ruling clarifies that professional fees related to betting cannot be used to offset gambling-related capital gains or losses for tax purposes.

Lifecycle

2020-12-01PublishedPublished 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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