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V2075-17 ·3 August 2017 ·consulta-vinculante Medium impact
FISCAL

No need to declare physical gold in model 720 as it is not a financial account

A taxpayer asks whether physical gold stored in fortified chambers abroad must be reported. The DGT responds that physical gold does not need to be declared in model 720 as it does not constitute a financial account.

In 6 key points

How it affects those involved

Taxpayers storing physical gold in foreign secure facilities are not required to report it in model 720.

Lifecycle

2017-08-03PublishedPublished 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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