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Author: Admin | 2025-04-27
A capital gain of €15,000 (35,000-20,000).How is buying cryptocurrency taxed in Spain?Buying cryptocurrency with fiat currency like EUR is not considered a taxable event.How is selling cryptocurrency taxed in Spain?When you sell cryptocurrency, you’ll incur a capital gain or loss depending on how its price has changed since you originally received it.Example: Selling cryptoRicardo buys 1 Bitcoin for €30,000.Later, he sells 1 Bitcoin for €35,000Ricardo has a capital gain of €5,000.How are crypto-to-crypto trades taxed in Spain?Trading one crypto for another is considered a disposal subject to income savings tax. When you trade cryptocurrency for other cryptocurrencies, you’ll incur a capital gain or loss depending on how the price of the crypto you’re trading away has changed since you originally received it.How are cryptocurrency gifts and inheritances taxed in Spain?Receiving or inheriting a cryptocurrency gift is subject to gift tax. You’ll pay taxes based on the fair market value of your crypto-asset at the time of receipt. Gift tax currently ranges between 7 to 36.5%. Some regions offer significant gift tax exemptions to close family members — such as children and spouses. How is getting paid in cryptocurrency taxed in Spain?Getting paid in cryptocurrency in compensation for labour is considered income based on the fair market value of your crypto at the time you received it.How is using cryptocurrency to pay for goods and services taxed? Using cryptocurrency to pay for goods and services is considered a disposal subject to income savings tax. You’ll incur a capital gain or loss
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