TaxesWiki Por Dividendos
Modelo 720
"Spain's informative declaration of foreign assets: mandatory if you exceed €50,000 per block (accounts, securities or property). Nothing is paid, but it must be filed."
The Modelo 720 is an informative declaration — you do not pay a single euro with it — that requires Spanish tax residents to report their foreign assets to the tax authority once certain thresholds are exceeded. For investors using foreign brokers it is the number-one obligation to keep on the radar.
When you are required to file
There are three independent blocks, each with its own €50,000 threshold as of December 31:
| Block | What it includes |
|---|---|
| Accounts | Balances at foreign banks and payment institutions |
| Securities and rights | Stocks, funds and ETFs held at foreign entities |
| Real estate | Property outside Spain |