Skip to content
V0460-24 ·19 March 2024 ·consulta-vinculante Medium impact
Tax

Deliberations on declaring construction property payments in wealth tax

A taxpayer asks whether payments made for a foreign under-construction property with a reservation of ownership must be declared in wealth tax and in model 720. The DGT responds that such payments must be included in net wealth, but there is no obligation to file model 720 until ownership is acquired.

In 6 key points

Lifecycle

2024-03-19PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact