GIPUZKOA: Declare your assets and rights abroad
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Next June 30 is the deadline to submit the informative declaration of assets abroad.
Remember that by June 30 you must submit model 720, the informative declaration of assets and rights located abroad, corresponding to the year 2025.
When will you have to submit it?
If as of 31-12-2025 you had bank accounts abroad (for example, a deposit), securities, rights, insurance and income (for example, shares or investment funds), movable and immovable property or rights over them, valued at more than 50,000 euros.
Do you have to declare every year?
In subsequent years, you must report the set of assets and rights abroad, grouped by category, whenever each category exceeds 50,000 euros.
In the case of real estate and rights over them, this obligation will only exist when there is an increase of more than 20,000 euros compared to the one that determined the submission of the last declaration, or when there is no such increase, but that year the taxpayer is obliged to report on any of the other categories of assets.
And also remember...
On that date, the deadline also expires to submit model 721, the informative declaration on virtual currencies abroad, for the year 2025.
If you own assets and rights abroad, contact us. Our professionals will verify if you must submit these models and will help you comply with this obligation.CONTENIDO RELACIONADO
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