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V0801-18 22 March 2018 · SG de Tributos Criterion in force
OTRO · modelo 720

Duty to report loss of ownership of securities in Model 720

A taxpayer asks what to include in Form 720 after selling securities to pay commissions and transfer their portfolio. The DGT responds that reporting of the loss of ownership of sold securities is required, and reporting for new securities is only necessary if the RGAT thresholds are met.

The question raised

Question posed: What must be included in the informative return on assets and rights located abroad (Form 720) for the 2017 fiscal year?

The DGT's ruling

If ownership of securities, rights, shares, or interests is lost at any time during the year, the informative return must be filed using the data from the date on which the extinction occurred. Conversely, if new securities are acquired and the requirements for obligation under Article 42 ter.5 of the RGAT are not met, there is no obligation to report them.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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