Residents in spain who owns goods abroad. duty to inform the spanish tax authorities model 720

 

This duty to inform refers to the fiscal year of 2017 and ends on the 02/04/2018

This duty concerns all owners of goods in foreign countries, originating from inheritances, to residents´ associations, either if you own 100% or only a part together with third-parties. 

The information that must be supplied is: 

  • Bank accounts, holders and authorized persons to manage and operate the account.
  • Capital in form of shares, funds, bonds or any stock value, life or disability insurances and temporary or annuity.
  • Real estate
  • There’s no duty to inform about a bank account when its balance is less than 50.000€ on Dec 31st and when the average balance of the year’s last quarter is less than 50.000€. This quantitative limit is also applied to the values of the sections b) and c)
  • During the following years, it will only be obligatory to inform if the bank account’s balance has increased with more than 20.000€ on Dec 31º, or if the average balance has increased with more than 20.000€, in comparison to the last declaration. This quantitative limit is also applied to the values of the sections b) and c)
  • In case one doesn’t fulfill this duty to inform, one could be sanctioned with penalties of minimum 10.000€

 

Louise Malmberg y Alejandro Espada Gerlach (in colaboration)

This email address is being protected from spambots. You need JavaScript enabled to view it. & This email address is being protected from spambots. You need JavaScript enabled to view it.

 

In case you have any questions or doubts, feel free to contact our firm. 

Abogados Espada Gerlach

Tel. +34 93 301 27 41

C/Provença 253, entlo. 2º

08008 Barcelona SPAIN

LAWYERS
ESPADA GERLACH®

Google+ Abogado Barcelona LinkedIn Abogado Barcelona Facebook Abogado Barcelona

- LAWYERS - Espada Gerlach ® -

C/ Provenza 253, entresuelo 2ª
08008 Barcelona (Spain)

We attend you also in Fortiá (located between Roses and Figueras and Empuriabrava, Cadaqués -Girona-, by previous appointment)

Tel.: +34933012741
Fax: +34933012808

+34609376006
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.

Coordinates Google: 41.394453,2.160999

V-CARD

Diseño web PubliWords

NOTE! This site uses cookies and similar technologies. If you not change browser settings, you agree to it. I understand | Learn More