Cryptocurrencies in inheritance in Spain
Succession tax (ISD): Regional tax. Crypto taxed at market value on date of death. Madrid: 99% bonus for children.
IRPF and crypto inheritance: Heir's acquisition cost = value declared in inheritance (NOT what deceased paid). Example: Deceased bought BTC at €5k; died at €90k; you sell at €95k → your gain = €5k only.
Access challenge:
- Centralized exchanges: Present death certificate + succession documents. Weeks of process.
- Hardware wallets (Ledger/Trezor): Need seed phrase → if undocumented, funds lost forever.
Planning recommendations:
- Document all crypto holdings
- Store hardware wallet seed phrase securely (safe, notary)
- Include explicit crypto instructions in will
- Consider appointing digital executor
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