720 question - closed account.
 

If an account that had previously been declared was closed in 2018 (a fixed term savings account for example) should the closure be declared? If so I guess that would be by entering it again with a zero final balance, or is there a box to tick?

Re: 720 question - closed account.
 

I think this answers your question

https://www.pellicerheredia.com/en/a...rship-overseas

Re: 720 question - closed account.
 

Thanks you. Much appreciated. Yes it does in part:
You are no longer the owner of the aforementioned assets (sale, transfer, etc., even if you made a loss).
I'd be interested to know how one shows it as closed. I'm not familiar with the form as I have had an accountant fill it in on my behalf in the past but with just one entry to be made I thought I might have a go myself - or must all assets in that class currently held also be entered again?

Re: 720 question - closed account.
 

Sorry don't know any more details as I do not need to go through this process.

Re: 720 question - closed account.
 

Is the account closed or simply empty? If it is active you don't need to declare it. I have a premium bond account that is not closed but has a balance of zero and my accountant confirmed that I didn't need to submit a new 720

Re: 720 question - closed account.
 

It is closed.

Re: 720 question - closed account.
 

I am very grateful for the info you have provided.

Re: 720 question - closed account.
 

Could someone help with this part please?

Re: 720 question - closed account.
 

You should really go to a professional