Model 720: Declaration for goods located abroad 2012

THE NATURAL OR LEGAL PERSONS RESIDENT ON THE SPANISH TERRITORY are bound to present this declaration, being the holder, representative, authorized person, beneficiary, person or entity counting with a disposition authorization or real holder of goods located abroad.

We remind you that exceptionally for the information in reference to the year 2012, the period of presentation of the model are from February 1st to April 30th 2013, but that in the future, the deadline will be from January 1st to March 31st.

We believe that it is important for you to know which information has to be declared to the Spanish Tax Office (Hacienda) through this new declaration :

  1. Bank accounts of banks located abroad
  2. Stocks, rights, revenue and insurance deposited, managed or gained abroad.
  3. Real estate goods and rights on real estate located abroad.  

 There will be no information obligation for accounts of banks located abroad if neither the final balance, nor the average balance exceeds 50.000 Euros. Similar limits are applied in reference to the obligation to declare stocks, rights, insurance and revenues deposited, managed or gained abroad and also for real estate goods or rights on real estate located abroad.

 We also inform you that together with the Order a strict penalty regime have been adopted. This obliges us to be diligent in the preparation and presentation of the information.

 Do not hesitate to contact us to ask for more information.