Wealth tax and cryptocurrencies in Spain 2025
The Wealth Tax (IP) is a tax that taxes the net wealth of taxpayers. Cryptocurrencies, being goods of economic value, are included in the IP tax base.
What is the Wealth Tax?
The IP taxes the set of assets and rights of economic content less debts and charges. It is declared annually (it coincides with the personal income tax campaign) and is managed by each autonomous community.
The minimum state exempt fee is €700,000, but each CCAA can modify it (some offer a 100% discount, others reduce it).
How are cryptocurrencies valued in the IP?
Cryptocurrencies are valued at their market price on December 31 of the fiscal year.
Example:
- Dec 31, 2025 you have:
- 0.5 BTC × €90,000/BTC = €45,000
- 5 ETH × €3,000/ETH = €15,000
- 1,000 SOL × €150/SOL = €150,000
- Total crypto: €210,000
This amount is added to the rest of your assets (properties, accounts, funds, etc.) to calculate the tax base.
Minimum exempt and by CCAA
The state exempt minimum (€700,000) is just a floor. The CCAA apply their own rules:
| CCAA | Exempt minimum | Bonus |
|---|---|---|
| Madrid | €700,000 | 100% (zero fee) |
| Catalonia | €500,000 | No bonus |
| Andalusia | €1,000,000 | 100% bonus recent |
| Basque Country | Own regional regime | Variable |
| Balearic Islands | €700,000 | No bonus |
| Valencia | €500,000 | No bonus |
Madrid: Madrid residents pay IP = 0 thanks to the 100% bonus. That is why many large assets are domiciled in Madrid.
And the Solidarity Tax of Great Fortunes?
In 2023, the ISGF was introduced, a temporary state tax that replaces the IP bonus for assets greater than €3,000,000. Rate: 1.7% in the highest section.
This mainly affects residents in Madrid (who did not pay IP) with assets greater than 3 million.
Cryptocurrencies are included in the ISGF base with the same valuation as in the IP (price as of December 31).
Obligation to declare
There is an obligation to present Form 714 (Wealth Tax) if:
- The resulting quota is positive (after bonuses), or
- The value of the assets exceeds €2,000,000.
Although Madrid lowers the fee to zero, if you exceed €2,000,000 you must still declare.
Consequences if you do not declare
Unlike personal income tax, the IP has zero quota for the majority in certain Autonomous Communities. But if you do not present the model when you have the obligation, the sanction is formal: violation of formal obligations (€200 minimum).
If you have crypto worth 2.5 million and do not declare in a year with a quota, the sanctions are the general ones of the IP.
Valuation with historical prices
To calculate the value of your cryptos as of December 31, you need the exact prices on that day. The main sources:
- CoinGecko Historical Data: daily closing prices.
- CoinMarketCap: ditto.
- Data from your exchange (market closing price).
declaracrypto.es can automatically generate the crypto asset balance as of December 31 to facilitate the declaration of the IP.
Updated: April 2026 | Fiscal year: 2025