Doctrine by topic · DGT Observatory

Form 720: 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 74 rulings · 2014–2026

Current position

Residents in Spain must file Form 720 if they exceed the limit of 50,000 euros in each of the asset categories (accounts, assets and rights, or real estate). For accounts, the obligation arises if the balance as of December 31 or the average balance of the last quarter jointly exceed said amount. In the case of real estate, the loss of ownership during the fiscal year mandates reporting if the quantitative limit is exceeded.

The DGT's position remains stable regarding the application of quantitative limits by independent categories. The conditions for bank accounts and the obligation to report upon the loss of ownership of real estate have been specified. No fundamental changes in the structure of the reporting obligation are observed.

Turning points

  1. V0538-17

    Establishes that the loss of ownership of real estate at any time during the year makes the filing of the declaration mandatory.

  2. V0809-22

    Clarifies that the 50,000 euro exemption applies independently to each of the three asset categories.

Analysis based on 67 of 74 rulings with a stated position. Updated 8 September 2026.

Rulings on this topic

24
V5016-26 5 Jun 2026

Duty to report foreign accounts and securities after moving to Spanish IBAN

SG de Tributos
declaración informativamodelo 720cuenta bancariavaloresentidad financiera 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
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
V0993-26 5 May 2026

No obligation to report loans on financing platforms without representative securities

SG de Tributos
modelo 720financiación participativacesión de capitales propiosvalores representativosobligación 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
V0848-26 21 Apr 2026

Duty to report ownership in foreign LLCs and overseas crypto custody

SG de Tributos
limited liability companymonedas virtualesmodelo 720modelo 721autocustodia LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctavaRGAT — RD 1065/2007, Reglamento General de Actuaciones Tributarias art. 42 ter
Affects CompanyExpat · Non-residentIndividual
V2510-25 16 Dec 2025

Model 720: declare the contractual financial entity and its IBAN

SG de Tributos
modelo 720entidad bancariacuenta de compensaciónbanco fiduciariocódigo bic LGT — Ley 58/2003 General Tributaria art. 89.1LGT — Ley 58/2003 General Tributaria art. 93
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
V0460-24 19 Mar 2024

Deliberations on declaring construction property payments in wealth tax

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
reserva de dominiopatrimonio netoentregas a cuentahecho imponiblemodelo 720 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
V0315-24 5 Mar 2024

Cryptocurrencies held in non-custodial wallets do not need to be declared

SG de Tributos
monedas virtualescustodia de criptoactivosmodelo 721modelo 720wallets no custodios LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoterceraLGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctava
Affects CompanyExpat · Non-residentIndividual
V1291-22 7 Jun 2022

Fiscal treatment of IRA and ROTH IRA: taxation, Wealth Tax and Model 720

SG de Tributación de las Operaciones Financieras
iraroth irarendimientos del capital mobiliarioconvenio de doble imposiciónmodelo 720 LIRPF — Ley 35/2006 del IRPF art. 2.51.1LIRPF — Ley 35/2006 del IRPF art. 17.2.a
Affects CompanyExpat · Non-residentIndividual
V1133-22 20 May 2022

Foreign e-money accounts must be declared in Form 720

SG de Tributos
modelo 720dinero electrónicoobligación informativasaldo mediotipo de cambio LGT — Ley 58/2003 General Tributaria art. 29LGT — Ley 58/2003 General Tributaria art. 89.1
Affects CompanyExpat · Non-residentIndividual
V0882-22 26 Apr 2022

No mandatory to declare foreign pension plans without contingencies

SG de Tributos
modelo 720planes de pensionesdeclaración informativacontingenciasderecho de rescate LGT — Ley 58/2003 General Tributaria art. disposición adicional decimoctavaLGT — Ley 58/2003 General Tributaria art. 29
Affects CompanyExpat · Non-residentIndividual

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