Please read the instructions below and fill in your details in the form at the end of the page.
You can familiarize yourself with the form at first so you know what data you will need from your banks. You can then collect the information and come back and fill in the details. You only need to report assets outside of Spain.
The Modelo 720 is extremely detailed and it can be difficult to find the information so please start collecting information about accounts and properties with plenty of time before the filing deadline.
Once we receive your information we will start the process of presenting the tax form. We will need the information at least 5 banking days before end of march to file it on time.
We appreciate complete details of what needs to be declared. We are happy to help find the information and answering any questions you might have but we can for example not contact your bank to ask for details or receive bank account statements.
The Spanish tax law does not recognize the concept of a foreign based Trust. The tax law is unclear about both the reporting requirements for income taxes for Trusts as well as how they should be reported in the Modelo 720. We can therefore not guarantee you correct reporting of Trust assets, regardless if you are the Trustee, Beneficiary or other stakeholder in a foreign Trust.
We can file the Modelo and the income taxes but need you to provide us with guidance on HOW you would like to report it. You would therefore need to solicit the help from a law firm to establish how you would like to report the assets. The Modelo 720 does requiere the reporting of trust assets both for the Trustee and the Beneficiary but it is unclear exactly how. It is also not possible to call the tax authority and ask them how they would like to have it reported – as they simply will not answer.
Each trust setup also differs from another and the only 100 % correct way to do it is soliciting advance decision from the tax authority which might take more than 6 months and we will not be able to do this for you. Unless you are prepared to provide us with how you wish to report trust assets after soliciting help from a law firm then we will not be able to file your Modelo 720.