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V0614-25 ·1 April 2025 ·consulta-vinculante Low impact
Tax

Obligation to report the acquisition value of real estate abroad pursuant to Personal Income Tax regulations

A taxpayer asks how to value foreign properties to meet the information obligation under Form 720. The DGT states that the acquisition value should be used, following the rules for taxable or profit-making transfers under the Personal Income Tax.

In 6 key points

How it affects those involved

Taxpayers must use acquisition value for foreign property when filing Form 720, in accordance with transfer rules under the Personal Income Tax.

Lifecycle

2025-04-01PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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