Spanish crypto taxation rests on a functional approach consolidated through DGT rulings and TEAC decisions: crypto-to-crypto transactions are swaps triggering a capital gain or loss at the time of exchange, valued at market price in euros. Staking and lending yields are characterised as movable-capital income unless they amount to a business activity. NFTs follow the general rules for capital gains or, where applicable, income from the transfer of rights.
Cost basis follows the FIFO rule within the same crypto asset. Losses can be offset against gains within the savings tax base under the general PIT rules.
Reporting on foreign-exchange holdings (Form 721) and on Spanish cold-storage crypto positions (Forms 172/173 for entities) is recent and requires close attention to cut-off dates, valuation and thresholds.
This section publishes DGT rulings, TEAC decisions and analyses on specific operations: airdrops, hard forks, staking via own validator, DeFi lending, NFTs, wrapped tokens and the taxation of crypto assets in succession and gift.