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V3376-20 ·17 November 2020 ·consulta-vinculante Medium impact
FISCAL

Physical gold stored in fortified chambers abroad does not need to be declared in Form 720

The consultant asks whether physical gold held in fortified chambers in London, purchased via an online platform, must be reported. The DGT responds that physical gold is not a financial account and is therefore not subject to reporting obligations.

In 6 key points

Lifecycle

2020-11-17PublishedPublished 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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