Doctrine by topic · DGT Observatory

Accessory expenses: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 19 rulings · 2014–2025

Current position

Accessory expenses for acquisition and disposal are deductible for the quantification of returns on movable capital if properly justified. In the case of Treasury Bills, the transfer commission accrued in favor of the Bank of Spain will reduce the redemption value to determine said return.

The DGT's position remains stable regarding the treatment of accessory expenses. Rulings repeatedly confirm that transfer commissions on Treasury Bills reduce the redemption value for the calculation of returns on movable capital.

Analysis based on 19 of 19 rulings with a stated position. Updated 25 September 2026.

Rulings on this topic

19
V0983-25 10 Jun 2025

Spain's Bank of Spain transfer fee reduces Treasury bills' capital return

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliarioletras del tesoroamortizacióngastos accesoriosvalor de reembolso LIRPF — Ley 35/2006 del IRPF art. 25.2LIRPF — Ley 35/2006 del IRPF art. 25.2.b
Affects CompanyExpat · Non-residentIndividual
V0736-24 16 Apr 2024

Sale of government bonds classified as income from movable capital

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliariocesión de capitales propiostransmisión de valoresvalor de transmisiónvalor de adquisición LIRPF — Ley 35/2006 del IRPF art. 25.2.bLGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V0734-24 16 Apr 2024

Transfer fee for Treasury Bill redemption reduces returns on movable capital

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliarioamortizaciónletras del tesoroimputación temporalgastos accesorios LIRPF — Ley 35/2006 del IRPF art. 14.1.aLIRPF — Ley 35/2006 del IRPF art. 25.2.b
Affects CompanyExpat · Non-residentIndividual
V1656-20 28 May 2020

IBI repercutido to landlord forms part of VAT base in retail lease

SG de Impuestos sobre la Renta de las Personas Físicas
base imponiblearrendamiento de localescomunidad de bienessujeto pasivocontraprestación LIVA — Ley 37/1992 del IVA art. 4.unoLIVA — Ley 37/1992 del IVA art. 5
Affects CompanyExpat · Non-residentIndividual
V1545-14 12 Jun 2014

Bank of Spain transfer fee reduces returns on Treasury Bills

SG de Tributación de las Operaciones Financieras
rendimientos del capital mobiliarioreembolso de letras del tesorocomisión por transferenciavalor de reembolsogastos accesorios LIRPF — Ley 35/2006 del IRPF art. 25.2LIRPF — Ley 35/2006 del IRPF art. 25.2.b
Affects CompanyExpat · Non-residentIndividual

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