El modelo es un documento a presentar a la Agencia Tributaria aquellas personas contribuyentes que tengan bienes y derechos en el extranjero. El plazo para presentar el modelo AEAT es de 3 meses, desde el 1 de enero hasta el 31 de marzo. Utilizamos cookies para poder ofrecer una mejor experiencia. Para navegar y utilizar el site de Financer. Utilizamos cookies para guardar tus preferencias y acciones de usuario, con el fin de ayudarte y optimizar tu experiencia de uso en el site de Financer. Estas cookies se conocen como cookies esenciales.
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Form Declaration of Assets Abroad. This form must be filled by all spanish residents owning assets abroad over Each of the three blocks of goods, constitutes an obligation of different information to be provided, but the three reporting obligations are articulated through the same form.
The Declaration includes a record for each property situated abroad. For each record indicating its type and subtype:. In this case there is no subtype. And where appropriate the amount of transfer or sale. Penalty for not filling, filling incomplete, filing with non accurate data, will be punished with euros per data with a minimum of On the other hand, Royal Decree approved today partially to Spanish law transposes the Community directive on administrative cooperation in the field of taxation.
Thus, reinforcing cooperation in the exchange of information between countries needed for the liquidation of taxes. Among other issues, is attributed to the tax agency competition to formulate requests for mutual assistance to other States or international organizations. This provides legal security to be achieved greater agility in the process of mutual assistance. And already a few years ago the tax agency began to provide tax information for citizens of the EU to their respective countries through the model which is filled by Spanish financial institutions, collected and processed by Tax Authority, and information send to respective countries.
The Government aims to deepen in the coming months in this type of agreements for the exchange of information, both to improve the collection of taxes, and to enhance the fight against tax fraud. Are you required to file also the information model with respect to the property and rights abroad? There are no instructions what should be put in this box? The instructions on how to fill concrete boxes are in the link that is up on the design of the model records :.
When the loss of the status of owner or real owner referred to in the last paragraph of article 42 ter. Javier, my name is Jim from the US my wife and I forgot to file our modelo this year. The only reason to file again this year is gains related to those accounts. After reading your blog I thought you might have an opinion on how we should proceed.
Do we file late including the information on our retirement accounts? Or do we not file and stop reporting on these accounts? Keep doing so. In my understanding IRA in Spain is has not the treatment that has in USA, so treating it in Spain as an standard brokerage account will save you a lot of taxes by the time you start collecting money from IRA.
This is not black and white. If so, this might confuse them as there would be more entries than accounts declared on the because I also had interest from two foreign accounts that I closed during the year which were not declared on the Jeff, dont worry, Hacienda cannot expect to see lots of entries in Box 27, as this box do not allows for separate entries, you can add all directely. Good morning, I have completed form for the first time for fiscal year as I had savings worth more than 50k from foreign savings accounts.
I am now completing the interest on modelo and I want to be sure that Hacienda can recognize that the information on modelos and are consistent. I understand that in Box 27 of modelo all my Spanish and foreign interest is added together the foreign interest was not taxed or liable to tax abroad. There is no explanation here- should each entry here be a different bank account or different financial institution or maybe something else?
Hoping you are able to advise on this. Many thanks. Hello Jeff, you can add a new rendimiento, for your internal reference, even box will display total figure. Tax office computer will find that you declared more money than what they know. Dont worry it is right how you are doing. Hi Javier, Is a holding of Bitcoin regarded by the Agencia Tributaria as an overseas or an onshore investment? As you know, Bitcoin exists in cyberspace and does not have a physical location.
Best regards Peter Kendal. Hello Javier, We declared all accounts and funds in , but now have opened many new accounts to disperse and split up the money in the previously declared joint accounts.
Also, in April we sold a fund that was jointly held and split that money into the new accounts. I have two questions; 1. If any joint accounts were not closed and are still in both names, but are now holding the money of only one account holder, do both parties have to enter a ? Since the joint fund was liquidated and the monies removed, does each party still need to submit a showing the amount and date when the fund was sold?
Just to say that your website has been very helpful on how to deal with the Modelo Many Thanks for that. Hoping to hear back before the deadline, Very Best Regards, Frank. Thank you for this helpful post! I have a question in case you are able to help me at this difficult time.
I have a single property outside of Spain and have previously filed a modelo for it. According to information from my home council body, the value of the property has increased from what I paid for it in However, this is just the recommended value and I still own the property and do not intend to sell it. When I look at all the information for the modelo , it is interested in the acquisition price for the property, and only the acquisition price.
That has not changed. My assumption is that I do not need to file another modelo Is that correct? Valuation for , is acquisition price. As long as you dont sell it, or buy another one, you do not need to fill again form. Good afternoon: I submitted the modelo last year,I have to summit it again this year because some change on my bank account.
Many thanks Claire. All tax advisers we have special digital certificate that can be used to fill in the name of clients. For this year for sure you will need service of a tax adviser for this. Thankyou for your excellent blog. I have previously submitted Form In category V I have 11 separate investments.
Can you advise on two issues:- 1 One of my funds changed its name and ISIN in after a fund merger — do I have to report this on Form by putting a closing date against the old fund name and create a new record under the new fund name? Do I need to update the values for ALL 11 investments or just the one that increased by over In I sold a house k euros which I bought in 70k euros.
Since gastos are taken into account when calculating the capital gain for my IRPF it seems logical that my should indicate the same.
Please can you confirm? In April I acquired a further 20 shares through dividend reinvestment. Then in November I sold all shares. Could you please clarify how I should declare this in the Modelo for Many thanks, Alan. As 20 was not previously declared. Now you need to declare that you sold what you previously declared, this is Recibir un email con los siguientes comentarios a esta entrada.
Recibir un email con cada nuevo post. Javier Ullastres Asesores. Saltar al contenido. Reporting Assets Outside Spain. Form Publicado el febrero 9, por jullastres. Me gusta: Me gusta Cargando Guarda el enlace permanente. Many thanks Jeff. Jeff dijo:. Peter Kendal dijo:. Frank dijo:. Helen dijo:. Thank you very much for confirming. Sending my best wishes for you and your loved ones. Claire dijo:.
Patricia dijo:. Edward dijo:. Alan dijo:. Buscar por:. Las respuestas que se pueden consultar requieren tiempo y experiencia, si son de utilidad, por favor ayudanos a mantener este blog. March 30,
Form 720. Information Return. Information return on assets and rights held abroad.
Modelo 720: Cómo y cuándo se hace
Reporting Assets Outside Spain. Form 720