Doctrine by topic · DGT Observatory

Assets Abroad: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 42 rulings · 2014–2026

Current position

Residents in Spain must report assets and rights abroad if they are owners or beneficiaries as of December 31 or if they have lost ownership at any time during the year. For real estate, the obligation exists if one is the owner as of December 31, unless the value does not exceed 50,000 euros. In the event of a transfer during the fiscal year, the value and the date of the transaction must be reported.

The DGT's position remains stable regarding the subjective scope and the obligation to report the loss of ownership during the year. Clarifications have been integrated regarding the valuation of transfers and the application of quantitative limits for certain assets such as real estate or bank accounts.

Turning points

  1. V0766-19

    Establishes the exemption for resident legal entities if the securities are recorded individually in their accounting.

  2. V2615-20

    Clarifies that the obligation to report persists upon the loss of ownership of real estate at any time during the year, detailing the applicable transfer value.

Analysis based on 40 of 42 rulings with a stated position. Updated 15 September 2026.

Rulings on this topic

24
V5694-26 30 Sept 2026

Workers under the special regime of Article 93 LIRPF are not required to file Form 720

SG de Impuestos sobre la Renta de las Personas Físicas
régimen especial de trabajadores desplazadosmodelo 720declaración informativabienes en el extranjerointegridad de la renta LIRPF — Ley 35/2006 del IRPF art. 93LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctava
Affects CompanyExpat · Non-residentIndividual
V1051-26 13 May 2026

Requirement to report foreign property and accounts in Model 720 under specific conditions

SG de Tributos
modelo 720bienes en el extranjeroganancia patrimonialrendimientos del capital inmobiliarioobligación de información LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctavaRGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 bis
Affects CompanyExpat · Non-residentIndividual
V1559-25 3 Sept 2025

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

SG de Tributos
modelo 720obligación de informaciónbloque patrimoniallímite cuantitativobienes en el extranjero RGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 39RGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 bis
Affects CompanyExpat · Non-residentIndividual
V0751-25 28 Apr 2025

Tax obligation to file Model 720 depends on fiscal residency in Spain

SG de Tributos
residencia fiscalmodelo 720bienes en el extranjeroobligación de informacióntitularidad real LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctavaLIRPF — Ley 35/2006 del IRPF art. 9
Affects CompanyExpat · Non-residentIndividual
V1862-22 4 Aug 2022

EU officials with Spanish fiscal residence must file form 720

SG de Tributos
declaración informativaresidencia fiscalfuncionarios de la unión europeabienes en el extranjeroplan de pensiones LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctavaLGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V0347-22 23 Feb 2022

Beneficial ownership of shares must be taxed under Wealth Tax

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
nuda propiedadpatrimonio netosujeto pasivodeclaración informativabienes en el extranjero LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 1LIP — Ley 19/1991 del Impuesto sobre el Patrimonio art. 3
Affects CompanyExpat · Non-residentIndividual
V0213-22 9 Feb 2022

Disclosure of crowdlending investments depends on investment nature in Form 720

SG de Tributos
crowdlendingmodelo 720financiación participativabienes en el extranjerovalores representativos RGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 bisRGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 ter
Affects CompanyExpat · Non-residentIndividual
V2292-21 13 Aug 2021

Obligation to declare foreign assets held through foreign deposited shares

SG de Tributos
modelo 720bienes en el extranjerotitularidad de valoresdeclaración informativaacciones LGT — Ley 58/2003 General Tributaria art. Disposición Adicional decimoctava.1LGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V1088-21 26 Apr 2021

Physical gold abroad not to be declared in Form 720, even with bank account used

SG de Tributos
modelo 720oro físicocuenta instrumentalobligación informativabienes en el extranjero LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctavaRGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 bis.1
Affects CompanyExpat · Non-residentIndividual
V0788-21 5 Apr 2021

Declaration of foreign assets required upon loss of shareholding

SG de Tributos
declaración informativabienes en el extranjeropérdida de titularidadvalores representativosinstituciones de inversión colectiva RGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 ter.1RGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 ter.2
Affects CompanyExpat · Non-residentIndividual
V3551-20 14 Dec 2020

Declaration of foreign assets required upon loss of ownership

SG de Tributos
declaración informativabienes en el extranjerotitularidadextinción de titularidadrenta mundial LGT — Ley 58/2003 General Tributaria art. 88.1LGT — Ley 58/2003 General Tributaria art. 88.2
Affects CompanyExpat · Non-residentIndividual
V2615-20 31 Jul 2020

Obligation to file informative declaration on loss of foreign property ownership

SG de Tributos
declaración informativabienes en el extranjeropérdida de titularidadvalor de transmisióntransmisión a título lucrativo RGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 54 bisLIRPF — Ley 35/2006 del IRPF art. 34
Affects CompanyExpat · Non-residentIndividual
V1499-20 20 May 2020

No mandatory to file Model 720 for foreign investment funds marketed in Spain

SG de Tributos
instituciones de inversión colectivadeclaración informativaentidades comercializadorasbienes en el extranjeroobligación de informar RGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 ter.2LIRPF — Ley 35/2006 del IRPF art. 100
Affects CompanyExpat · Non-residentIndividual
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