Declaration of assets abroad (form 720)
Declaración de bienes en el extranjero (modelo 720)
The dates and amounts on this page apply until 2026-12-31; there may be a newer call or new rules. Check the official information.
What it is
Form 720 is an information return on assets and rights located abroad. It combines three separate obligations: accounts at foreign financial institutions; securities, rights, insurance and income deposited, managed or obtained abroad; and real estate abroad and rights over it. Those obliged include individuals resident in Spain who pay income tax on their worldwide income; people under the special regime for workers posted to Spain (art. 93 of the Income Tax Law) are not obliged, although their resident spouse and children may be. You declare when the €50,000 limit is exceeded: for accounts, if the balance at 31 December or the average balance of the last quarter exceeds it (negative balances are netted against positive ones); for a property, its acquisition value. If an asset has several owners, the total value is declared, not prorated, stating the percentage. Once filed, it only has to be filed again when the combined value of a block increases by more than €20,000 compared with the last return (or, for example, when an asset is sold or closed). It is filed online; the 2026 period ran from 1 January to 31 March. Penalties follow the general regime of the General Tax Law and apply separately to each of the three obligations.
Official wording
Plazo de presentación: del 1 de enero al 31 de marzo de 2026.Official sources
- Modelo 720: plazos de presentación (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: un solo modelo para tres obligaciones (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: contribuyentes obligados a declarar (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: forma de calcular el límite (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: titularidad compartida (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: frecuencia de presentación (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: sanciones y efectos (Agencia Tributaria)ES
- Where it applies
- All of Spain
Official information
Official sources
- Modelo 720: plazos de presentación (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: un solo modelo para tres obligaciones (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: contribuyentes obligados a declarar (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: forma de calcular el límite (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: titularidad compartida (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: frecuencia de presentación (Agencia Tributaria)ES
- Modelo 720, preguntas frecuentes: sanciones y efectos (Agencia Tributaria)ES
When
From 1 January to 31 March (in 2026). If for technical reasons it cannot be filed online on time, it can be filed in the following four calendar days.
Official wording
Plazo de presentación: del 1 de enero al 31 de marzo de 2026.Official sources
Steps
Step 1: Check whether you must file
Among others, individuals resident in Spain who pay IRPF on all their income must file. Those under the posted workers regime do not, but their resident family may have to.
Official wording
Se entiende que son obligados a presentar la declaración informativa modelo 720, entre otros, las personas físicas residentes en territorio español
Official sources
Step 2: Work out whether you exceed €50,000
For each block (accounts; securities, insurance and income; property) you check whether it exceeds €50,000. For accounts, the balance on 31 December or the average balance of the last quarter counts, and negative balances are offset against positive ones.
Official wording
Para determinar si se supera dicho umbral, se han de netear los saldos negativos con los positivos.
Official sources
Step 3: File form 720 online
Go to the official website: Form 720 at the Agencia TributariaThe three obligations are met with a single form 720, reporting all the assets and rights that must be declared. If an asset has several owners, the total value is declared without apportioning, with each one’s percentage.
Official wording
Se informará de los saldos totales sin prorratear, indicando el porcentaje de participación.
Official sources
FAQ
Do I have to file every year?
No. It is only filed again when the combined value of a block increases by more than €20,000 compared with the last return, or for another reason such as selling or closing a declared asset.
Official wording
como sería por ejemplo la transmisión o en su caso cancelación de cualquiera de ellosOfficial sources
What happens if I do not file?
The general penalty regime of the Ley General Tributaria applies, separately for each of the three obligations.
Official wording
Estas sanciones se aplican de forma independiente para cada una de las tres obligaciones de información contenidas en la declaración informativa modelo 720Official sources
Related procedures
Terms used on this page
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