Planning for the Modelo 720. A brief analysis

JANUARY 2017 – Since 1 January 2013, the Spanish tax residents are obliged to file an annual informative tax declaration called ‘Modelo 720’ (M720), to declare the ownership of non Spanish assets that exceed 50.000 € in value, category by category. The categories and the information to be provided are as follows: Properties outside Spain You will need to declare the date of purchase, the full address, the type of property, the percentage of ownership and the purchase price (not the market value), ignoring the percentage of ownership. All types of bank accounts outside Spain You will need to declare the bank name, the full address, the type of bank account, the full bank account details (including IBAN), the date the bank account was opened, the percentage of ownership, the bank balance at 31 December and the average bank balance during the fourth quarter (ignoring the percentage of ownership). All types of investments assets (investment bonds, shares, insurance products and other related financial assets) You will need to declare the name and type of investment, the date of purchase, the type and percentage of ownership and the value at 31 December ignoring the percentage of ownership. (This information may vary depending on the type of asset, for example you will need to provide the ISIN number for share in the Stock Market). The filing of this annual declaration is […]

English speaking lawyers in Spain

Perez Legal Group wishes to thank all those who attended the event including customers, friends and family for their confidence in our team. Evolution is for Perez Legal Group a given an by upgrading our offices, we know that we will be offering the highest level of service in an even better [...]

Gibraltar Weddings: Getting Married on the Rock

When we think of the most beautiful, exciting and desirable places in the world to get married, perhaps the first thought that comes to mind would be Las Vegas, Hawaii, Mauritius or a marriage in Spain - all places in which the backdrop of an exotic location can help to bring romance to the event, [...]

Things to Remember when Renting your Spanish Property

Rental contracts in Spain Things are looking good for the property market in Spain and house prices are once again on the rise after eight long years of stagnation caused by the crash, which had been especially harsh due to the unregulated housing bubble of the previous 11 years. Not only is the property market [...]

Living in Spain with Good Health

Social security payments in Spain Those considering moving to Spain, either in the near or distant future, may be feeling the draw of Spain for a variety of different reasons. The low cost of housing, the low cost of living, the proximity to other European countries, or simply the incredible beauty of the Iberian country [...]

WHAT A HOLIDAY HOME IS AND HOW TO GET IT REGISTERED – English speaking lawyers in Spain

The first decree regulating houses rented to tourists obliges those operating in this business to register them in the Registry of Tourism. The questions surrounding it are summarized in this 10 questions list. 1.- What is considered a holiday rental home? Any real estate in Andalusia offering regularly accommodation service at a price set by [...]

SELLING YOUR SPANISH PROPERTY- SPANISH LEGAL PROPERTY INFORMATION FOR VENDORS

If you are selling your Spanish property, please be aware that you will be involved in a legal procedure and preparation of certain documents which are necessary for this process.In order to proceed, you should appoint a Spanish Lawyer and Chartered Accountant in order to carry out on your behalf  all the necessary tax forms [...]

A Quick Guide to Driving in Spain – fiscal representative Spain

When visiting or moving to another country it's important to check out some rules, laws and regulations, so that you don't get caught out unaware of something that would be unheard of back home. Contact a fiscal representative Spain - a Spanish “gestor” - for more detailed information and to find out about the necessary [...]

REQUEST A CALL BACK

REQUEST A CALL BACK

Please provide your contact information and one of our consultants will call you:

 

I accept the privacy policy