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Taxes on Bitcoin sale in Spain

Personal Finance & Money Asked on August 15, 2021

I have some bitcoins that I bought back in 2012. I am now thinking about buying a house and I’d like to cash in those bitcoins to make the downpayment of the mortgage. I understand I should pay taxes for this, but I don’t know how much it would be.

I found this question, but it is for the U.S., where the tax system is very different from Spain’s.

One Answer

Trading in cryptocurrencies is considered in the same way as forex trading or binary options. The same principles will apply come tax time. The savings tax rates are applied (on a scale between 19% and 23%).

As for wealth tax, cryptocurrencies have to be declared as you would declare any other asset that you own.

Source: https://jeangalea.com/bitcoin-crytpocurrencies-tax/

Correct answer by brt on August 15, 2021

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