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V1149-18 ·8 May 2018 ·consulta-vinculante Medium impact
Tax

Trading between different virtual currencies and selling them for euros creates capital gains or losses

The consultant asked whether trading one cryptocurrency for another and subsequently selling it for euros was taxable. The DGT responds that trading between different virtual currencies constitutes a swap that generates a capital gain or loss.

In 6 key points

How it affects those involved

Such transactions are subject to capital gains or losses under personal income tax rules.

Lifecycle

2018-05-08PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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