Yield aggregators auto-compound yields. When does the taxable event occur in Spain?
Respuesta rápida
How they work: Deposit USDC → receive yUSDC → yields auto-compound → withdraw more USDC than deposited.
Conservative position: Each auto-compound = taxable capital income event
Majority position (widely adopted — used by kointax): Taxable event = withdrawal. Gain = (amount withdrawn - amount deposited). Auto-compounding is internal to protocol.
If you sell yTokens on a DEX: That sale is a taxable event at the moment of sale.
Sobre el autor
Equipo fiscal cripto · España
Detrás del contenido de Kointax hay un equipo de profesionales en fiscalidad española y desarrollo de software cripto. Revisamos cada guía contrastando con consultas vinculantes de la DGT, jurisprudencia de la Audiencia Nacional, normativa europea (MiCA, DAC8) y casos prácticos reales tratados en nuestra plataforma. El…
Especialidades: Fiscalidad cripto en España (IRPF, IVA, ISD) · Modelos 100, 172, 173, 720, 721 · Doctrina vinculante DGT cripto
Cargando preguntas…
Kointax — FIFO, LIFO, HIFO or WAC method. 80+ compatible exchanges. Excel + PDF report ready for your tax return.
Start free — no card neededComplete summary of cryptocurrency taxation in Spain 2024-2025: everything you need to know
7 min
kointax vs. manually declaring crypto in Renta Web: why use specialized software?
3 min
Multisig wallets (Gnosis Safe) in Spain: tax implications for companies and DAOs
3 min