Neptuno

Of course you have to do a tax return for the whole year, if you have spent more than 183 days in Spain that year - you owe it!
However, as my income tax is more in the UK, I doubt that there. Wil be much , if anything, to pay.
I bet there are some on this forum in my tax situation - What have they been advised to do? What have they done?
P S - i have just received an email from my accountant in Spain, replying to my question about the 720, and she says I do NOT have to submit a 720 next year for this year!

Dondurma

I still don't see them chasing you through the courts of other countries for it!!!!

Neptuno

Surprisingly, some of us try to to the right thing!

Dondurma

Don't get all high and mighty sunshine. I am not advocating anything, just stating facts.

Fred James

You were talking about the procedures you have to go through with the tax office when you leave Spain and that was what I was referring to, not the different tax regime.

I learned a long time ago that it is easier and much cheaper to do your own tax declaration and asset form. It also saves a lot of money.

CapnBilly

Just to be clear, if you were required to submit a return (because your asset values had changed) then you do need to do so.

Pregunta 2: Si una persona física se trasladó al extranjero una vez iniciado el ejercicio 2012 y deberá presentar declaración del Impuesto sobre la Renta de Personas Físicas por el ejercicio 2012. ¿Tiene obligación de presentar el Modelo informativo respecto a los bienes y derechos en el extranjero?.

Respuesta: Sí, siempre y cuando de acuerdo con la regulación de estas tres obligaciones de información resulte obligado a informar de las mismas.

Neptuno

well, the accountant was aware I had bought a house since returning to the UK , and still insisted I did not have to submit the 720 next year. I asked her to check with the Spanish tax office.
As I said, I realise why I have to do a tax return, as I am considered tax resident for the whole year.but I cannot see why the tax office needs to know my assets in UK now that I am living here and cancelled my residencia.
Surely there is someone here who has submitted a 720 while living in Spain, gone back to live in the UK and has bought a house- I want to know what advice they were given, or is it that they did NOTHING?-

Fred James

I certainly would not take much notice of advice given to a third party by a third party.

You have plenty of good advice on this forum about it, why not just take that advice and declare it on Form 720. It's not a big deal, you can do it online in a few minutes, probably a lot less time than you will spend trying to get the answer you want to hear.

If you choose to ignore that advice and don't declare, that's fine as it's your decision.

There is nothing more I can add, or intend to add on this subject.

CapnBilly

I should have clarified that the quote in Spanish is from the Hacienda FAQ on the Modelo 720.

Neptuno

So why would my accountant tell me I do not have to submit a 720 for the property I bought this year after moving back to Uk?

Mitzyboy

What would be the point, more to the question.

The way I moved back to the UK meant I didnt submit A 720, but even if I had made a previous declaration I would not be doing another for the property I purchased when I got back to the UK.

Neptuno

Why?

Mitzyboy

Exactly