How Much Tax Do I Pay on Cryptocurrencies in Spain?
Estimate the Spanish income tax (IRPF 2026) on cryptocurrency capital gains (savings tax base). Spain taxes all crypto gains as savings income regardless of how long you held them.
Tax note: unlike many other countries, Spain does NOT distinguish between short-term gains (under 1 year) and long-term gains. All gains from crypto-asset disposals are taxed as savings-base income (19%–30%) regardless of the holding period (Art. 35/36/37 LIRPF; DGT ruling V1434-19).
Total amount received from the sale or exchange of crypto-assets (in €)
Please enter the sale proceeds (greater than zero)
Original purchase price + acquisition fees. FIFO method is mandatory in Spain.
Please enter the acquisition cost (greater than zero)
Platform commissions, documented sale expenses. Only if properly evidenced.
Deductible expenses cannot be negative
If you have already reported dividends, share sales or other savings-base income, enter the cumulative amount here to apply the correct progressive bracket.
Other gains amount cannot be negative
Estimated IRPF on cryptocurrency gains
Estimated tax (savings base)
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| Capital gain | — |
| Effective rate on the gain | — |
Breakdown by bracket
| Bracket | Taxable base | Rate | Tax |
|---|---|---|---|
| Estimated tax (savings base) | — | ||
Mandatory FIFO method: Spain requires the First-In-First-Out method to calculate cost basis. A crypto-to-crypto swap (e.g. BTC→ETH) is a taxable event at the moment of exchange, valued at the market price at that moment.
Form 721 — Do I need to file?
If you hold crypto at foreign exchanges or wallets with a combined balance above €50,000 at 31 December, you must file Form 721 (Modelo 721). See our Form 721 calculator. Form 721 Calculator →
What does this estimate mean?
Indicative estimate for informational purposes only. This does not constitute tax advice or an official assessment. The actual tax depends on your total income for the year, losses and carry-forwards from prior years, the FIFO method applied to each individual transaction, deductible expenses actually incurred, and the legislation in force for the relevant tax year. Please consult a specialist for your specific situation.
Crypto investor with complex transactions?
Our crypto-tax specialists calculate your IRPF using the correct FIFO method, manage Form 721 where required, and represent you before the AEAT in case of an audit.
Speak with a specialistIndicative result. Actual tax depends on all transactions in the tax year, loss offsets, other savings income, and the IRPF rules in force. BMC does not guarantee the accuracy of the result for specific cases.
Result: capital loss
Capital gain
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Form 721 — Do I need to file?
If you hold crypto at foreign exchanges or wallets with a combined balance above €50,000 at 31 December, you must file Form 721 (Modelo 721). See our Form 721 calculator. Form 721 Calculator →
Crypto investor with complex transactions?
Our crypto-tax specialists calculate your IRPF using the correct FIFO method, manage Form 721 where required, and represent you before the AEAT in case of an audit.
Speak with a specialistIndicative result. Actual tax depends on all transactions in the tax year, loss offsets, other savings income, and the IRPF rules in force. BMC does not guarantee the accuracy of the result for specific cases.