Among the different options offered by the current regulations to optimize the Personal Income Tax liabilities, we will focus on those relating to the integration and offsetting of income under the following scenarios:
Boletín fiscal noviembre 2025
Table of Contents
-
Editorial
-
2025 Personal Income Tax year end
-
Latest tax changes implemented by the autonomous communities
-
Tax optimization of financial investments
-
Issues related to the application of tax benefits for family businesses
-
Basque Country
November 2025
Once again, the time has come to reflect on the alternatives offered by current legislation to improve personal income tax (IRPF) for the 2025 financial year.
We would like to emphasize the significance of the rules governing the integration and offsetting of income. These rules could enable us to make the most of any losses incurred during the year, whether they have been realized or not, as well as any carried forward from previous years.
In addition, income tax regulations offer other ways to optimize this tax, such as contributions to pension plans and other social security systems, early repayment of mortgage loans to maximize the deduction for investment in the primary residence (only for those who purchased their primary residence before January 1, 2013), making donations to certain non-profit organizations, carrying out improvements to increase the energy efficiency of homes, or purchasing plug-in electric vehicles.
On the other hand, with a view to tax optimization for the coming fiscal year, it is important to consider how an appropriate investment strategy focused on accumulation products, such as a fund portfolio, could contribute to improving income tax and wealth tax liability, although in any case, specific personal and financial circumstances would need to be analyzed.
Finally, we would also like to point out that, although there have been few changes to state tax regulations in recent months, we have encountered some significant tax changes in relation to taxes transferred to certain autonomous communities, as described in this newsletter.
Jesús Muñoz García
Director of Asset Planning
BBVA Private Banking
As we approach the end of the year, it's an important time to identify optimization strategies that could enhance Personal Income Tax outcomes for the 2025 fiscal year.
Algunas comunidades autónomas han aprobado en estos últimos meses, con efectos para el ejercicio 2025, novedades fiscales relevantes en relación con los tributos cedidos, que a continuación comentamos.
La fiscalidad asociada a cualquier inversión que realicemos, entre ellas lasinversiones financieras, va a ser determinante en la rentabilidad final que podamos obtener.
Como no podía ser de otra forma, en los últimos meses se han producido novedades importantes en materia de empresa familiar, a través de pronunciamientos de los Tribunales de Justicia y de la Administración Tributaria. Entre ellos, destacar: (i) las Sentencias del Tribunal Supremo sobre el requisito de la persona empleada para que la actividad de arrendamiento de inmuebles sea considerada afecta a la actividad económica; y (ii) cambio de criterio por la Dirección General de Tributos sobre el cómputo del perímetro del grupo de parentesco.
Access the complete Basque Country newsletter
Note:
The content in this section is provided for information purposes only and does not comprise tax or legal advice.