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V1604-18 ·11 June 2018 ·consulta-vinculante Medium impact
FISCAL

Currency exchange fees count towards Bitcoin profit or loss calculation

The consultant asks whether Bitcoin exchange purchase and sale fees can be deducted when calculating capital gains. The DGT responds that such fees are deductible if directly related to the transaction and paid by the taxpayer.

In 6 key points

How it affects those involved

Fees incurred in Bitcoin transactions are now considered deductible if directly linked to the trade and paid by the taxpayer.

Lifecycle

2018-06-11PublishedPublished 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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