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Form 100. Personal Income Tax Declaration 2018 Deductible expenses

To determine the net income, only the following expenses will be deducted from the full income:


For these purposes, administration and deposit expenses are considered to be those amounts passed on by investment services companies, credit institutions or other financial entities that, in accordance with Law 24/1988, of July 28, on the Securities Market , have the purpose of remunerating the benefit derived from the performance on behalf of their holders of the deposit service of securities represented in the form of securities or the administration of securities represented in book entries.

The amounts that represent the consideration for discretionary and individualized management of investment portfolios, where there is a disposition of the investments made on behalf of the holders in accordance with the mandates conferred by them, will not be deductible.