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Modelo 720
Modelo 720
by briret » Fri Feb 15, 2019 7:11 pm
I was wondering if anyone has submitted a modelo 720 for overseas assets over 50,000 euros. as I only have one being a pension is it easy to do and has anyone else submitted their own please?
thanks in advance
thanks in advance
- briret
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Re: Modelo 720
by Chrisdee » Fri Feb 15, 2019 7:59 pm
We supply all our financial details to our lawyer and they do it, I think you have to get an electronic signature ?? to do it yourself. It's expensive I think to get the lawyer to do it, cost us 70 euros each plus IVA and apparently they aren't meant to be making us do it anymore but they still are.
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Chrisdee - Posts: 12214
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Re: Modelo 720
by marcliff » Fri Feb 15, 2019 8:32 pm
You should only have to do it each year if any of the categories increases by €20,000 or any one of the accounts is closed.
We pay our solicitor (I think) about 140 euro a year and they do all the 720, income tax returns and anything else that requires it. They also get our IBI and car tax bills which they file for us.
However, I did try to do the Modelo 720 online but gave up after about a dozen tries at getting a digital signature.
Due to the huge (and I mean huge) fines and penalties that they can charge for either not completing the 720 or missing something out made it sensible to let a solicitor or gestor do it in the first place.
We pay our solicitor (I think) about 140 euro a year and they do all the 720, income tax returns and anything else that requires it. They also get our IBI and car tax bills which they file for us.
However, I did try to do the Modelo 720 online but gave up after about a dozen tries at getting a digital signature.
Due to the huge (and I mean huge) fines and penalties that they can charge for either not completing the 720 or missing something out made it sensible to let a solicitor or gestor do it in the first place.
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marcliff - Posts: 9694
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Re: Modelo 720
by briret » Fri Feb 15, 2019 8:44 pm
Thank you Chrisdee and Marcliff I have the certificate and got to the draft stage and thought I would ask before sending it. As marcliff says due to the huge fines for incorrect details and the form isn’t user friendly best to get a professional to do it !!
- briret
- Posts: 100
- Joined: Tue Dec 08, 2015 5:51 pm
- Which part of Spain are you from?: Rojales
- Gender: Male
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Brightonsuperwomn - Posts: 108
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- Which part of Spain are you from?: Alicante
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Re: Modelo 720
by briret » Sat Feb 16, 2019 11:24 am
Thank you Brightonsuperwomn I hope mine increases by more than €20,000 and have the need to do a 720 each year but I doubt it!
- briret
- Posts: 100
- Joined: Tue Dec 08, 2015 5:51 pm
- Which part of Spain are you from?: Rojales
- Gender: Male
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