Tax form 720

I think you got an OK deal there John. Just paid my gestor €190 for 2 x IRPF and 2 x 720's - and likewise, I supplied all the figures. Still, can't complain - the alternative is to do it all myself, and then if  there's any future problem, I won't be able to go to my gestor for help. It's only once a year, and money well spent in my opinion. I can't count the number of times I've popped into their office with a question about something, for which I don't get charged.

Bit upset about having to actually pay some tax too, but hey ho - death & taxes.....

Rather than start a new thread (yes, it's 720 time again), just a query.

We have had a fixed bond in UK for several years with the sum of £40,000. I have not previously declared this on the 720 as it has been less than 50k euro due to exchange rates. I do declare the interest on the investment, though.

With the pound now recovering, this is now over the 50k euro mark (or smack on relating to the exchange rate in December). Thing is, our advisor has asked if anything has changed or will I still declare nothing has changed. Well, the bond hasn't changed, just the exchange rate. I assume I may now have to declare this as being in the bond category worth more than 50k in euros or should we just state that nothing has changed?

I know I won't have to pay any taxes or anything on the actual amount of money but we will have to pay to get a 720 declaration.

Well , if your gestor knows the sterling value of your bond then he should know it is now over €50,000 BUT it is your responsibility to submit the return, not his. So, If I was you I would advise him of both the sterling value and the euro value and ask him to confirm that you have to declaqre (which you do).

Mariedav.  I guess you know you have to report each asset, if the total value in a category amounts to 50,000,  thus 5 bank accounts with 11,000 each, all must be declared,   2 houses worth 26,000 € each.

Just fpr info    http://jullastres.es/wordpress/?p=718

Yes, I gathered as much. It's just that nothing has changed except the exchange rate. The amount they charge to submit the 720 and the tax on the interest takes up a whack of the tiny bit of interest I get on the bond.

Ho hum! Bite the bullet and pay up, I suppose.

If you have a digital ID or a PIN24H you can submit your own return. Its not that difficult, but you may need to play around with it first to understand how it works.