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V1559-25 3 September 2025 · SG de Tributos Criterion in force
OTRO · modelo 720

50,000 euro threshold for Model 720 applies separately to each asset block

A taxpayer asks whether the 50,000 euro exemption limit in Form 720 is calculated on total foreign assets or per block. The DGT clarifies that the limit applies independently to each of the three information blocks.

The DGT's ruling

The quantitative limit of 50,000 euros applies independently to each of the three asset blocks regulated in the RGAT (accounts, securities, and real estate). Each block constitutes a different reporting obligation, even if they are presented in the same form. If the limit is exceeded in one block, all elements of said block must be reported.

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