Crypto tax in Spain (2026): the savings scale, and the €50,000 declaration people miss
Spain has no holding-period relief at all — a one-day gain and a ten-year gain are taxed identically on the savings scale. What it does have is a separate informational declaration for crypto held abroad, with a threshold most holders cross without noticing.
Which exchanges report on you, and since when? — the free lookup →
| Tax rate | The savings scale, applied band by band: 19% to €6,000, 21% to €50,000, 23% to €200,000, 27% to €300,000, and 30% above. That is the state and autonomic halves added together; your comunidad sets its own half.1 |
| Holding period | None. Spain abolished holding-period distinctions in the savings base.1 |
| Crypto for crypto | Taxable. Treated as a permuta under art. 37.1.h) LIRPF: the gain is measured against the greater of the market value given or the market value received. FIFO identifies which units left.1 |
| Modelo 721 | A separate informational declaration for virtual currencies held abroad, due 1 January to 31 March of the following year. The threshold: no obligation where the combined 31 December balances of each type of virtual currency abroad do not exceed €50,000. Cross it and all of them must be reported.2 |
| Declaring | Modelo 100 (IRPF). The Renta 2025 campaign runs 8 April to 30 June 2026, or 25 June where the balance is direct-debited.3 Unverified: AEAT names the section by title rather than by casilla number |
| Who knows | Council Directive (EU) 2023/2226 — transposition due 31 December 2025, obligations apply from 1 January 2026, and the first exchange of information covering 2026 takes place by 30 September 2027. Spain is on the OECD CARF list for 2027. Spanish providers separately file Modelo 172 (balances they custody) and Modelo 173 (operations), both in January.4 |
Tax authority: Agencia Estatal de Administración Tributaria (AEAT) — https://sede.agenciatributaria.gob.es
Why your records — not the rules — are the real problem
FIFO plus documented acquisition cost and the expenses and taxes directly related to it. Net savings losses offset investment income only up to 25% of it, with the remainder carried forward four years. A loss from a platform failing to return your coins is general income, not savings income — a different box with different timing.
Modelo 721 is where Spanish crypto holders get caught, and it has nothing to do with whether you made money. It is a reporting obligation on holdings, it counts foreign exchange accounts and foreign custodians, and €50,000 is not a lot of crypto.
That is the gap ClearBasis closes: we rebuild the complete acquisition history from exchange files and on-chain records, match every transfer between your own wallets so moving coins is never taxed as selling, and attach evidence to every number.
Late self-assessment without prior notice carries the art. 27 LGT surcharge: 1% plus 1% for each complete month up to twelve, then 15% plus interest, reduced by 25% under art. 27.5. Penalties for the informational declarations were rewritten by Ley 5/2022 after the Court of Justice struck down the old Modelo 720 regime, and now run on the general LGT articles 198 and 199.
What you can use today, in Spain
The free scan shows your true gains against proceeds-only in about three minutes. The Global Basis Report (from $99) is the full evidence-linked ledger — acquisition costs, disposal gains, local-currency values with cited FX — the document you or your accountant declare from.
Run my free scanComing for Spain
Declaration formatting for Spain — your report's totals mapped to the local return's fields, reviewed by a local tax professional before we ship it, and this page published in es · ca · en. Run and save a free scan to join the list: you will be emailed the day it opens, and demand decides how fast.
Start with the free scanQuestions people in Spain actually ask
Do I file Modelo 721 if my coins are in self-custody?
The declaration is about virtual currencies held abroad by a third party. Where self-custody sits is a question worth putting to a Spanish adviser rather than to a website — including ours.
Is there any tax-free amount for crypto gains in Spain?
No. There is no de-minimis and no holding-period relief. The first euro of gain is taxed at 19%.
Does the Basque Country or Navarre work the same way?
No. The foral territories run their own systems and publish their own models. This page describes the common regime.
The primary sources listed below are monitored for change. Confirmed factual updates publish with a new version stamp; substantive rule changes are verified by a professional before this page changes. Where a claim carries an unverified badge above, it means the authority's own site refused us access to the document that would settle it — we would rather show you the gap than paper over it.
1. AEAT — compraventa de monedas virtuales por un inversor · 2. AEAT — Modelo 721: plazo y umbral · 3. AEAT — Renta 2025: plazo y forma de presentación · 4. DAC8. Retrieved 28 August 2026. This guide is information, not tax advice; rules change — the page is versioned (es-2026.1), re-reviewed annually, and the English master is canonical. For binding answers, consult the authority named above or a licensed local tax advisor. Every country we cover → · How Spain compares with thirteen others →