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V2834-21 ·16 November 2021 ·consulta-vinculante Medium impact
Tax

Utility tokens must be valued at market price for Wealth Tax purposes

A taxpayer has requested guidance on how to value utility tokens for Wealth Tax. The DGT has determined that these do not constitute equity interests or a transfer of capital, and therefore must be declared at their market price.

In 6 key points

How it affects those involved

Taxpayers holding utility tokens must ensure they are valued according to their current market price when filing Wealth Tax returns, as they are not treated as equity or capital transfers.

Lifecycle

2021-11-16PublishedPublished 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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