Field Manual · Revised October 2026
Spanish Wealth Tax & Crypto
The HNW Crypto Holder's Guide to Modelo 714, Modelo 718, and the 17-Region Patrimonio Matrix
Spanish Wealth Tax & Crypto is an 80-page operational manual for the Wealth Tax (Modelo 714) and the Solidarity Tax (Modelo 718) on crypto holdings. It covers the three filing thresholds, the crypto valuation at 31 December, the 17-region matrix with effective rates, and the Modelo 721 interaction. Written for Spanish tax residents with net wealth above regional thresholds, with nine case files.
- Length
- 80 Pages
- Revised
- Oct 2026
- Format
- Delivery
- Instant link
Why this manual exists
Two Spanish residents. Same €5,000,000 portfolio in Bitcoin and Ethereum, held the same way, on the same 31 December. The Madrid resident pays €22,100. The Barcelona resident pays €70,000. The portfolio did not change. The region did.
What this guide solves
The three thresholds. €700,000 net wealth. €300,000 primary residence exemption. €2,000,000 gross-asset filing obligation. The third is the one nobody expects — a Madrid resident with €2.1M in crypto must file a Modelo 714 that results in €0 tax.
The crypto valuation at 31 December. Article 24 of the Ley 19/1991 and Article 39 bis of the RGAT. Market price on the accrual date, not FIFO cost. The self-custody method that survives an AEAT review. Chapter 2 walks every case.
The 17-region matrix. Madrid, Andalucía, Murcia, Cantabria at 100% bonification. Baleares at €3M minimum exempt. Galicia at 50%. Valencia at €1M. Cataluña at €500,000. The full table, sourced from each community’s 2026 budget law.
“The regional matrix is the tax. The portfolio is the base.”
— Salah Nomad
Inside the manual
- 1
The Three Thresholds
The €700,000 net minimum, the €300,000 primary residence exemption, the €2,000,000 gross-asset filing obligation. How the three interact.
- 2
Crypto Valuation at 31 December
Article 24 LIP and Article 39 bis RGAT. The self-custody method. Staking, airdrops, yield-bearing tokens. The CASP reconciliation.
- 3
The 17-Region Matrix
Four groups. The regional table. The two extremes: Madrid at €0 and Cataluña at €65,000+ on the same €5M portfolio.
- 4
Modelo 714, Line by Line
Section Q. The casillas. The valuation source field. The gross-asset trigger and the reconciliation discipline.
- 5
Modelo 718 and the Solidarity Tax
The €3M threshold. The 1.7%-3.5% scale. The 60% joint limit post-2025 Tribunal Supremo rulings. The Madrid calculation.
- 6
The Modelo 721 Interaction
Two returns, one portfolio, one date. The March and June filing windows. The cross-check that catches a mismatch.
Show the other 7 chapters
- 7
The Beckham Law Interaction
The impatriate regime does not exempt the Wealth Tax. The 2026 advisor consensus on Modelo 721.
- 8
Timing and Optimisation
The 31 December snapshot. The December move. The primary residence exemption. The deductible debt strategy.
- 9
Three Portfolios, Three Regions
Madrid HNW, Cataluña HNW, non-resident. Six embedded case files plus three standalone. Numbers preserved.
- 10
Regional Thresholds and Rates
The complete 17-region table with effective rates on a €5M net wealth.
- 11
Modelo 714 and 718 Casillas
The line-by-line reference for both forms.
- 12
DGT Rulings Matrix
V2432-25, V2289-18, V0250-18. Holdings and applications.
- 13
Sources and Verification Log
Primary legislation, DGT rulings, regional sources. Every figure dated.
Is it for you?
Built for
- Spanish tax residents with net wealth above regional thresholds
- Crypto holders holding >€700K net or >€3M gross at 31 December
- HNWIs comparing the 17 regions for annual Wealth Tax exposure
Not for
- Crypto holders with net wealth under €700K — no Wealth Tax applies
- Anyone seeking to evade Spanish tax
- Readers expecting the Codex to replace a tax advisor
Written by Salah Nomad
Independent research with no commissions from any lawyer, agent or bank mentioned.