Stock market taxes in Spain

• Gains from selling shares or ETFs are taxed under IRPF as savings income (from 19 % to 30 %, same as crypto).
• Dividends too, with 19 % automatically withheld in Spain.
• If you sell part of a holding, the tax office assumes you sell the oldest shares first (the FIFO method).
• If you sell at a loss and buy the same share again within the next 2 months, you can’t use that loss yet (the 2-month rule).
• Investment funds (not ETFs) can be switched from one to another without paying tax.
• If you hold more than €50,000 in accounts or securities abroad, you must file form 720.