Question re Modelo 720
Feb 7th 2020, 3:04 pm
#1
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2008
Posts: 5,624
Question re Modelo 720
Two questions has anyone submitted the 720 themselves direct online rather than using a gestor? If so how simple is it to complete. Which catagory do UK premium bonds go under savings or investments?
Feb 7th 2020, 6:52 pm
#2
Joined: Jun 2006
Location: Granada Costa
Posts: 10,901
Re: Question re Modelo 720
I did look at the online process and it seemed pretty straightforward, no different to online reRENTA declarations, assuming you have worked out which categories your assets are in.
Premium bonds come within the “securities” category, like bonds, shares and insurance policies.
Premium bonds come within the “securities” category, like bonds, shares and insurance policies.
Feb 7th 2020, 7:10 pm
#3
Lost in BE Cyberspace
Thread Starter
Joined: Feb 2008
Posts: 5,624
Re: Question re Modelo 720
Thanks Fred that was what I thought. One further point, if one has a house in the UK that goes over 50,000 Euro limit does that mean that any savings or investments/securities in the other 2 bands have to be declared even if neither band exceeds 50,000 euros. Or is each band totally separate. I thought it was the latter but was told by a gestor that if one band goes over then all savings investment must then be declared.
