Modelo 720 in Spain: Overseas Assets and Rights
Tax certainty for your international wealth
Januar Consulting reviews and prepares Modelo 720 for Spanish tax residents who hold certain assets or rights outside Spain. Before filing this informative declaration, we verify each asset and its correct valuation.
Reporting Overseas Assets
We determine what you must report and which information the Spanish Tax Agency requires
We review your tax residence, ownership of the assets and their value to determine whether you are required to file Modelo 720. The declaration covers several categories of assets, so each category must be assessed separately.
Tax Advice for International Wealth
Holding assets in several countries requires a comprehensive tax assessment
We advise individuals, business owners and investors who are tax residents in Spain and hold bank accounts, investments, insurance policies or properties outside Spain. We coordinate Modelo 720 with their other Spanish tax obligations.
Bank Accounts Outside Spain
We review accounts held with foreign financial institutions, including their balances, account holders, authorised persons and beneficiaries. Based on this information, we determine which accounts must be reported and which details must be included in the declaration.
Securities, Insurance Policies and Annuities
We analyse shares, company interests, investment funds, securities, life insurance policies and certain annuities held, managed or received outside Spain to complete this reporting category correctly.
Properties Outside Spain
We report properties and rights over real estate located abroad. We review the purchase value, ownership percentage, location and date on which the asset was acquired.
Review and Filing of Modelo 720
We review all supporting documentation, convert amounts held in foreign currencies correctly and determine whether changes to your assets require a new declaration.
Consultancy firm in Mallorca
Taxation in Spain can be complex, particularly for individuals who live on Mallorca, own a property on the island, run a business, or come from another country.
We have been advising private individuals, companies, and investors in Mallorca for more than six decades.
Native-language support in Spanish, German, English, and French for domestic and international clients.
Tax experts for foreigners living in, investing in, or purchasing property in Mallorca.
Two locations on Mallorca offering a personal approach, local expertise, and an international outlook.