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V3376-20 17 November 2020 · SG de Tributos Criterion in force
OTRO · modelo 720

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.

The question raised

Cuestión planteada

The DGT's ruling

La declaración informativa sobre bienes y derechos situados en el extranjero no incluye bienes como lingotes de oro o joyas, al no tener la consideración de cuenta financiera. En el caso de adquirir oro físico mediante transferencias que no dejan saldos monetarios en el exterior, dicho oro no debe ser objeto de declaración en el modelo 720.

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