Capital gains and losses derived from the transmission or exchange of virtual currencies

It will include capital gains or losses derived from the transmission or exchange of virtual currencies in exchange for money or other virtual currencies. For the purposes of completion:

1. It will indicate the denomination of the virtual currency and the type of consideration received, indicating the appropriate option in the drop-down menu.

2. Capital gains or losses will be calculated independently for each sale operation of each type of currency.

   • The capital gain or loss derived from the transmission of virtual currencies in exchange for euros or other legal tender will be determined by the difference between the transmission and acquisition value.

   • The exchange of a virtual currency for another different virtual currency constitutes an exchange and will generate a capital gain or loss for the difference between:

     • the transmission value that will be the greater of: the market value of the good received or the market value of the good delivered.

       The market value is what would correspond to the price agreed for its sale between independent parties at the time of the exchange.

       The transmission value thus determined will be the acquisition value of the virtual currencies for the purposes of subsequent transmissions.

     • the acquisition value of the delivered good.

   The expenses that arise from acquisitions and sales, as long as they are directly related to them and are paid by the taxpayer, will be computed to determine the respective acquisition and transfer values.

3. In the case of homogeneous virtual currencies, if partial sales are made at different times, those that are transmitted will be considered to be those acquired first (even if the acquisitions and transmissions had been made in different exchange houses).

4. The imputation will be made, in general, in the year in which the currency is delivered under the purchase and sale contract, regardless of the moment in which the sale price is received, unless it is a installment operation or with a deferred price and it is decided to proportionally allocate the income obtained in such operations as the corresponding charges become payable.

   In this case, clicking on the "More info" icon opens a window in which the number of years of pending collections, the last year of collection, the years in which The profit, the amount to be received each year and the profits pending imputation will be imputed.

5. The bankruptcy of a platform for the purchase and sale of virtual currencies or the complaint for the non-return of the deposited coins does not automatically constitute a financial loss as the creditor maintains its credit right, the imputation of the loss will be carried out in accordance with the provisions for overdue and uncollected credits.

6. In the event that the amount of any transfer is used to constitute a life annuity insured within the terms and conditions established in the regulations, you must enter the requested data in the corresponding data capture window.

   When you have reinvested in annuities the total or partial amount obtained in any or all of the transfers made during the year, clicking on the icon "More info" opens a window in which you will see the information regarding the exemption for reinvestment in annuities corresponding to the profits to which it has been applied.