Join Talk Quesada

Welcome to Talk Quesada! My name's Alex and this is my website all about Ciudad Quesada in Spain. Talk Quesada is free to sign up and use so register below!

Modelo 720

Modelo 720

Postby 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
briret
 
Posts: 100
Joined: Tue Dec 08, 2015 5:51 pm
Which part of Spain are you from?: Rojales
Gender: Male

Re: Modelo 720

Postby 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.
User avatar
Chrisdee
 
Posts: 12214
Joined: Sun Jul 31, 2016 12:36 pm
Which part of Spain are you from?: Torrevieja
Gender: Female

Re: Modelo 720

Postby 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.
User avatar
marcliff
 
Posts: 9694
Joined: Sat Mar 03, 2012 4:41 pm
Location: Doña Pepa 2
Which part of Spain are you from?: Dona Pepa 2
Gender: Male

Re: Modelo 720

Postby 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

Re: Modelo 720

Postby Brightonsuperwomn » Sat Feb 16, 2019 10:42 am

Do mine thru Abaco €80 this year
User avatar
Brightonsuperwomn
 
Posts: 108
Joined: Wed May 24, 2017 8:27 am
Which part of Spain are you from?: Alicante
Gender: Female

Re: Modelo 720

Postby 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







  • Similar Topics
    Replies
    Views
    Last post

Return to Taxes in Spain: Suma, NIE and general tax advice

 
 

Who is online

Users browsing this forum: No registered users and 4 guests

Login
Username:


Password:


Remember me


Forgot password?

Register now

Find in Quesada
What are you looking for in Quesada?: