Tax Deep Dive · 2026
Forex Trading Tax in Spain 2026 — Complete Guide
How Spain taxes forex and CFD profits, the rates and brackets, what counts as taxable, loss-offset rules, and how to declare your trading income to Agencia Tributaria (AEAT).
Quick Answer
In Spain, forex and CFD profits are taxed under Rendimientos del ahorro (savings income) at a headline rate of 19% - 28% (progressive savings tax). The tax is administered by Agencia Tributaria (AEAT) and declared each year on the Modelo 100 (Declaracion del IRPF). No. There is no tax-free wrapper for FX/CFD trading. The Spanish equivalent of an ISA does not cover leveraged derivatives.
Forex Tax Treatment in Spain
Forex profits are taxed as savings income (rendimientos del ahorro) on a progressive scale: 19% (up to EUR 6,000), 21% (EUR 6,001-50,000), 23% (EUR 50,001-200,000), 27% (EUR 200,001-300,000), and 28% (above EUR 300,000). Losses can be offset against gains and carried forward for 4 years.
Forex and CFD gains are 'ganancias y perdidas patrimoniales' and integrated with the savings income base of the IRPF.
Tax Rates Table — Spain EUR
Applicable rates as of April 2026.
| Bracket / Rule | Rate |
|---|---|
| Up to EUR 6,000 | 19% |
| EUR 6,001 - 50,000 | 21% |
| EUR 50,001 - 200,000 | 23% |
| EUR 200,001 - 300,000 | 27% |
| Above EUR 300,000 | 28% |
What Counts as Taxable?
Most Spain residents need to declare the following types of trading income:
- Realised forex/CFD capital gains. Profits from closing positions during the tax year.
- Dividend-equivalent payments. Cash adjustments paid by your broker on long share-CFD positions when the underlying issues a dividend.
- Carry / swap interest received. Positive overnight financing credited to long carry-trade positions is normally taxable as financial income.
- Cashback, rebates and bonuses. Cash incentives paid by the broker may be reportable as miscellaneous or financial income.
- Crypto CFD profits. Profits from cryptocurrency CFDs are taxed under the same rules as other CFDs (this is different from spot crypto, which usually has its own treatment).
- Foreign exchange differences. Gains or losses from holding foreign-currency balances may need to be reported separately when converted back to your home currency.
Professional vs Retail Trader — Tax Implications
If trading is conducted as 'actividad economica', profits move into the general income base and are taxed at higher progressive rates rather than the savings scale.
Retail / private investor
Default treatment for almost all individuals. Profits taxed at the headline 19% - 28% (progressive savings tax) rate under Rendimientos del ahorro (savings income). Losses are restricted to the same category.
Professional / business trader
Triggered by frequency, volume, leverage, or income share. Profits are reclassified as ordinary business income at progressive rates plus social/contributions.
How to Declare Forex Income in Spain
- 1
Download your annual statement from each broker (and convert all amounts to EUR using year-end FX rates if your account is in another currency).
- 2
Calculate net realised profit or loss for the tax year — buy/sell pairs only (unrealised positions are usually excluded, except for mark-to-market regimes).
- 3
Add carry/swap interest, dividend-equivalent payments, and any cashback or rebates.
- 4
Open Modelo 100 (Declaracion del IRPF) on the Agencia Tributaria (AEAT) portal.
- 5
Enter the totals in the capital-gains / investment-income section and indicate the source country of each broker.
- 6
Pay any balance owed by the deadline (Early April to end of June (Renta campaign)) and keep the receipt and broker statements with your records.
Loss Offset Rules
Losses can be offset against capital gains of the same nature in the same year, and excess losses can offset up to 25% of investment income (interest, dividends). Remaining losses carry forward for 4 years.
Record Keeping Requirements
Keep all broker statements, transaction logs, and proof of any withholding. Foreign accounts above EUR 50,000 must be declared on Modelo 720.
- Annual broker statements (PDF and machine-readable formats)
- Trade-by-trade ledger with timestamps, instrument, and P&L
- Year-end account valuation (mandatory for wealth-tax regimes)
- Proof of any foreign tax already paid, to claim against home liability under double-tax treaties
- FX-conversion rates used to translate amounts into EUR
Tax Reporting Deadlines
Annual Filing Deadline
Early April to end of June (Renta campaign)
Withholding by brokers
CySEC-passported brokers do not normally withhold Spanish tax. Spanish-resident traders must self-declare on Modelo 100 during the Renta campaign.
Recommended Accountants & Software
The Agencia Tributaria's free 'Renta WEB' portal walks residents through filing. For active traders, an asesor fiscal familiar with Modelo 100 capital gains sections is recommended.
We do not endorse any single product. For active traders we generally recommend a local advisor who has direct experience with CFD/derivative reporting and any cross-border passporting that applies to your broker.
Frequently Asked Questions
How are forex profits taxed in Spain?
Do I have to declare forex losses in Spain?
Does my broker withhold tax automatically in Spain?
Is forex trading tax-free anywhere in Spain?
What is the filing deadline for forex tax in Spain?
What records do I need to keep in Spain?
Am I a professional trader for tax purposes in Spain?
Do EU passporting brokers (CySEC, BaFin) report to my Spain tax authority?
Best Brokers for Spain
All EU-regulated, with negative balance protection and segregated client funds.
Popular brokers used by Spain traders
Min Deposit
None
EUR/USD
0.1 pips
Max Leverage
30:1
XTB is a publicly listed Polish broker with an award-winning xStation platform, commission-free stock investing, and some of the best educational content in Europe.
Min Deposit
None
EUR/USD
0.6 pips average
Max Leverage
30:1
IG is the world's oldest and most trusted retail broker, offering 17,000+ instruments, a BaFin-regulated EU entity, and an award-winning proprietary platform.
Min Deposit
$50
EUR/USD
1.0 pips
Max Leverage
30:1
eToro is the world's leading social trading platform, letting EU traders copy successful investors while also offering commission-free stock trading alongside forex.
Min Deposit
€100
EUR/USD
0.8 pips typical
Max Leverage
30:1
Plus500 is a publicly listed broker focused on simplicity, offering CFD trading with no commissions and an easy-to-use proprietary platform for casual EU traders.
Disclaimer: This is general information, not professional tax advice. Tax law changes regularly and individual circumstances vary. Always confirm your obligations with a licensed Spain tax advisor or directly with Agencia Tributaria (AEAT) before filing.
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.