FORM 720
#1
Forum Regular
Thread Starter
Joined: Jan 2015
Posts: 33
FORM 720
I have been informed that the F720 declaration of assets etc. may be abolished due to it being classed as discrimination within the EU, is this true.
#5
#6
Re: FORM 720
Expats head home from Spain as they are forced to declare overseas assets | This is Money
I came across this from two years ago, though whether anything became of it I've no idea.
"Russell Thomson, the former British Consul for Alicante, Spain, has led a petition to the EU, branding the law unlawful and discriminatory against non-Spanish residents."
I came across this from two years ago, though whether anything became of it I've no idea.
"Russell Thomson, the former British Consul for Alicante, Spain, has led a petition to the EU, branding the law unlawful and discriminatory against non-Spanish residents."
Last edited by Dick Dasterdly; Oct 20th 2015 at 11:38 am.
#7
Re: FORM 720
How can it be discriminatory as it also applies to Spanish citizens? In fact, it was them it was actually devised for as many of them have been hiding assets outside Spain.
#8
Just Joined
Joined: Aug 2013
Posts: 16
Re: FORM 720
I don't think it was the form itself, more the level of possible fines being threatened.
#9
Re: FORM 720
This is taken from Expansion in March this year:
Headline:
Bruselas ve ilegal cómo España obliga a declarar los bienes en el extranjero
Link
Bruselas ve ilegal que España obligue a declarar los bienes en el extranjero - Expansión.com
Headline:
Bruselas ve ilegal cómo España obliga a declarar los bienes en el extranjero
Link
Bruselas ve ilegal que España obligue a declarar los bienes en el extranjero - Expansión.com
#10
Re: FORM 720
As for the supposed "discrimination" against non Spanish, the only point made is that the details of the law were only available in Spanish.
That is just plain ludicrous as the basic income tax laws are only available in Spanish as is 99% of all other government publications.
Does HMRC publish all its tax rules in Spanish - no, of course it doesn't.
#11
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,621
Re: FORM 720
There has recently been an article re this in the Olive Press maybe that is where this came from?
#14
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,621
Re: FORM 720
I have found this old link re the specifics of the full complaint put to the EU. Quite lengthy but reading through it does mention that the 720 is discrimatory in that more EU citizens will hold assets abroad and be required to complete the 720 than Spanish citizens. Of course that in itself is open to debate. Maybe that is where this information comes from that the op refers to?
http://www.citizenhouse.eu/images/stories/EU_Rights_Clinic/EC_Complaint_-_Spanish_Assets_Declaration_20130419.pdf
http://www.citizenhouse.eu/images/stories/EU_Rights_Clinic/EC_Complaint_-_Spanish_Assets_Declaration_20130419.pdf
#15
Re: FORM 720
That is really stretching the definition of discrimination.
You might as well say that it's discriminatory for expats to have to declare their UK rental income on their Spanish income tax form!
You might as well say that it's discriminatory for expats to have to declare their UK rental income on their Spanish income tax form!