Informative form of assets and rights located outside of Spain (Form 720)
This tax Form is an informative return that needs to be filed before the Spanish Tax Authorities and intends to control the assets located outside of Spain (properties, shares, insurances, bank accounts, etc), as having these assets may also have implications for personal income and net wealth tax obligations.
To determine the obligation to file or not this form, the assets and rights located outside of Spain are categorized into three groups:
- bank accounts and deposits in financial entities in entities located outside of Spain.
- securities, rights, insurances, or income, located, managed or obtained abroad.
- real estate located abroad or rights over that real estate.