The infamous 720
Posted: Fri Mar 08, 2019 5:39 pm
I imagine that most people know all about this beastie by now. But I just got the reminder from my Gestor. You need to do this declaration by the end of March IF YOU ARE RESIDENT IN SPAIN. You have to declare any property you own or share outside of Spain, any money in the bank, and any stocks or shares. The rule is if you have €50k or more in any of the three categories.
If you have done the 720 in previous years you don't need to do it again unless any one of the categories has gone up by €20k.
It doesn't involve any tax payment, just an informative declaration.
If you have done the 720 in previous years you don't need to do it again unless any one of the categories has gone up by €20k.
It doesn't involve any tax payment, just an informative declaration.