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V0861-15 ·23 March 2015 ·consulta-vinculante Medium impact
Tax

Valuables and cash to be calculated separately for Model 720 obligation

A taxpayer asks whether Model 720 must be filed after transactions in a foreign investment account whose balance exceeded €52,000 at some point but ended at zero by year-end. The DGT responds that cash and investment balances are calculated separately to determine the obligation to file.

In 6 key points

How it affects those involved

Taxpayers must assess cash and investment balances independently when determining if Model 720 filing is required.

Lifecycle

2015-03-23PublishedPublished 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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