DAO governance tokens in Spain: taxation
Acquisition:
- Purchase: no tax event. Cost = purchase price.
- Airdrop: capital income at market value when received (UNI, 1INCH, dYdX historical examples)
- Liquidity rewards: capital income
Sale: Capital gain/loss at base del ahorro (19-28%). Gain = sale price - acquisition cost.
Voting (governance participation): NOT a taxable event. Only transfers/sales/swaps generate tax events.
veTokens (veCRV, veBAL): Locking CRV for veCRV = possible swap (tax event). Rewards for holding veTokens = capital income.
kointax auto-classifies governance token airdrops and sales.