Auto 720

The purpose of Auto-720 is to generate your Model 720 when you exceed the threshold of 50,000 in assets located abroad. To this end, it is essential to correctly identify in which category these goods fall, as the Form 720 organises them into three main blocks:

1. Equities and other financial instruments: equities, ETFs, funds, fixed income, bonds held in custody and other products with foreign brokers.
2. Cash and foreign accounts: current accounts, deposits, broker balances, multi-currency accounts and accounts on platforms such as Wise, N26 or Revolut.
3. Real estate abroad: property or rights in rem such as bare ownership or usufruct.

If in any of these three blocks you exceed €50,000, you are obliged to report on that group.

The Auto-720 service of autodeclaro generates your Form 720 automatically from the documentation provided by brokers and investment platforms and also from an excel file where you can list all the assets you have abroad.

Process for obtaining your completed Form 720

To generate your Form 720 with Autodeclaro, just follow these steps:

1. Gathering documentation of all your assets abroad (bank or broker statements as at 31 December). Check the instructions
2. How to order from Auto-720 service on the Autodeclaro website.
3. Filing Form 720 at the AEAT, Navarre or Basque Country tax office, either by yourself using the service “Premium” or “Unlimited (we offer the instructions to be able to do so). We can do this for you through the services “Golden” or “Hands off”, where Autodeclaro is in charge of the revision and presentation.

Ways to report your assets abroad

You can send us the information in two ways:

1) Providing statements from your banks, brokers or platforms

You only need to download the statements corresponding to the financial year you are going to declare. Autodeclaro accepts documentation from international brokers, investment platforms such as Raisin or crowdlending platforms, among others. In the instructions we detail how to obtain and prepare the extracts.

2) Using the Excel template

If you prefer, you can fill in all your assets located abroad using the Autodeclaro Excel template.

"La FAQ 5 explains step by step how to fill in the excel template correctly.

• Premium: Automates the completion of the 720 Form for up to 20 records. Filing with the AEAT is carried out by the client himself following the instructions provided.
• Unlimited: Same as the Premium version, but allows unlimited registrations. The presentation is also at the customer's expense.
• Golden and Golden Duo: They include all the features of Unlimited, but in addition to that they include we take care of the revision and filing of the Form 720 with the Inland Revenue.. Once submitted, we send the official receipt to the customer.
• Hands-off: It includes everything from the Golden version, but also includes you do not need to prepare and fill in the Excel template. Just send us the documentation as you get it from your bank or broker, and we will take care of the whole process.

More details and list of fares: here.

1. Filling in the address for brokers' statements.
2. Excel summary, so that you can check the content of your Form 720 in a quick and easy way.
3. Origin of the type of asset in declarations previously submitted Model 720.

All the details of what's new 2024 here.

No problem: Autodeclaro will make all the necessary calculations so that your Form 720 takes into account the returns already filed. To do this, you will have to provide the documentation from your brokers following these steps:

1. Extract from the exercise to be presented

If you are going to present the exercise 2025, download the position statement at 31 December 2025.

2. Extract from the last exercise previously submitted

If your last Form 720 filed corresponds to the financial year 2020, you must also download the position statement to 31 December 2020.

3. File renaming

Both extracts should be renamed by including the year at the end of the name.
Examples:

• DeGiro2020.csv
• MyPortfolio_2025.csv

4. If you have sold previously reported positions (type C records)

In order to properly report the sales of positions declared in your last Modelo 720, there are two situations:

a) If you trade with DeGiro through IBKR
You must provide the non-dividend transaction statements of each interim year between the last financial year declared and the current financial year.
These documents are necessary to correctly determine the amount and the date of sale of type C records.

b) If you trade with any other broker
You do not need to attach transaction statements.
When you complete your Form 720, you will receive specific instructions on how to report these Type C records within the process itself.

All instructions here

"La Excel template allows you to declare in Model 720 all categories of assets located abroad, among them:

• Bank or credit accounts
• Values or rights
• Shares and units in Collective Investment Undertakings
• Life or disability insurance and temporary or life annuities
• Ownership and rights in rem in immovable property

This template is necessary when you use brokers not supported by Autodeclaro or when you need to declare any type of asset located abroad in Excel format.

The assets are organised in the template according to the official keys of the Model 720:

• Type C asset: Accounts opened with banks or credit institutions abroad.
• Type V asset: Securities or rights representing holdings in legal entities.
• Type I asset: Shares and units in Collective Investment Schemes located abroad.
• S-type well: Life or disability insurance and temporary or life annuities whose insurer is located abroad.
• Good type B: Ownership and rights in rem over real estate located outside Spain.

For more information, please visit How to fill in an excel template.

You can consult the detailed instructions for downloading your portfolio of DeGiro, IBKR, Revolut, XTB, eToro, Charles Schwab, Trading 212, among other brokers and platforms, at the following link.

Yes, if you trade with more than one broker and you need to generate a single Form 720 that includes all your assets abroad, you can do so without any problem.

To do so, you simply have to:

1. Download extracts of each of the brokers with which you have traded during the financial year to be reported.
2. Rename the files if necessary (e.g. by indicating the year or the name of the broker to better identify them).
3. Compress all files into a single ZIP file. This ZIP file can contain one or more statements, depending on the number of brokers you use.

Once generated, attach that single ZIP file during the purchase process and Autodeclaro will take care of unifying and processing all the information to fill in your Form 720 correctly.

Yes, it is possible change the number of holders and change the country code of the broker in the Form 720 when using Autodeclaro. This is very useful when:

• An asset belongs to two or more holders and it is necessary to correctly reflect the percentage shareholding.
• You wish changing the country associated with the broker because it does not match the one assigned by default in Autodeclaro.

How to indicate these changes

To apply these settings, you must add the information directly into the file name .CSV before compressing it.
The format is as follows:

[NUM_TITLES] [NUM_TITLEHOLDERS[COUNTRY] [COUNTRY[rest of name].csv

Where:

• NUM_TITULARS = number of holders of the asset (1, 2, 3...)
• COUNTRY = ISO code of the broker's country (e.g.: IT, FR, NL, US, DE...)
• The rest of the name is free, you can use whatever you prefer.

Examples of valid names

• • An incumbent and broker located in Italy:
    1_IT_myPortfolio.csv
  • Two holders and broker located in France:
    2_FR_myPortfolio.csv
  • Three holders, using the default country assigned by Autodeclaro:
    3_myPortfolio.csv

After renaming the files

You must compress the files into a single ZIP, which can have any name. This will be the file you will need to attach during the purchase process.

How Autodeclaro uses this information

Autodeclaro automatically interprets these prefixes for:

• Allocate the percentage of ownership, The amount is divided among the holders indicated.
• Update the broker's country of tax domicile if you include a country code different from the default.

This ensures that the Form 720 is generated correctly according to the real characteristics of your assets abroad.

Note: If you use these prefixes, always remember to compress the files in a ZIP before uploading them.

When a security changes its ISIN from one financial year to the next, the important thing to know is if that value has already been declared in the last Form 720 filed.

Let's imagine this case:

• In the year 2021 the security had the ISIN EN222.
• In the year 2024, the same security will have the ISIN EN999.

1) If you did NOT declare that value in the last Model 720

If in the Form 720 for the financial year 2021 you did not declare the security with ISIN ES222, there is no special problem:

• In the new Modelo 720 you will simply declare the value with its new ISIN ES999 as origin of the type A asset (first presentation).

2) If you DID declare that value in the last Modelo 720

If in the Form 720 for the financial year 2021 you did declare the value with ISIN ES222 and now you still keep the same value but with the new ISIN ES999, Autodeclaro will automatically make two records:

1. Type C registration for the ISIN EN222
   • It is indicated that extinguishes title of that asset with the old ISIN.
   • In Model 720 it appears as an asset that is “cancelled” or ceases to exist with this code.
2. Type A registration for the ISIN EN999
   • The same value is declared but with its new ISIN, The first time it is declared as a new asset.

In this way, the Treasury understands that:

• You stop having the value with the old code (ES222), and
• You now have it under the new code (ES999), maintaining the correct traceability between declarations.

Autodeclaro performs an automatic filtering of options, futures, CFDs and forex, because should not be declared on Form 720. As laid down in the binding consultation V0813-17, these products are considered to be derivative financial instruments and therefore, do not have the status of securities or of rights representing participations in legal entities.

This means that even if these products appear on the statements provided by your broker, you do not need to delete or modify them. I self-declare that I will identify and will automatically exclude them of Model 720, ensuring that only the assets that actually correspond according to the regulations are declared.

Leverage or money borrowed from the broker is not declared in the Model 720, as it is a loan and not a good or a right to inform.

The only thing that needs to be declared is the assets you actually own at your broker (shares, ETFs, funds, etc.), regardless of whether or not you have acquired them with or without leverage..

In a nutshell:

• The loan is not declared.

• Positions held in your portfolio do need to be reported., provided that they exceed the thresholds of Form 720.

Before finalising the purchase, the platform will allow you to attach the necessary file to prepare your Form 720.
You can upload a CSV, a Excel or a ZIP file with statements from your brokers or the completed template.

Once you have completed the process, you will receive your Form 720 in the following format BOM 720 fully completed and ready for direct import en:

• The programme Renta Web of the State Tax Agency, or

• The equivalent system of your Provincial Council / Provincial Treasury.

Self-declaration uses the official exchange rates published by the European Central Bank (ECB) corresponding to the 31 December 2024, last working day with available quotations.
These values are the same as those that are subsequently included in the BOE on the same date.

DeGiro Note

The DeGiro statement provides conversions into euro for positions denominated in other currencies. However, does not use the official ECB exchange rates.
For this reason, I hereby self-declare does not use the amount in euro shown by DeGiro, but recalculates the value by applying the ECB's official exchange rate as at 31 December 2024.

Note on the Russian rouble (RUB)

The ECB and the BOE do not publish EUR/RUB exchange rate.
From the 1 March 2022, The ECB stopped providing official quotations for this currency.

Accordingly, Autodeclaro applies the EUR/RUB exchange rate from reliable and coincident financial sources, such as:

• XE.com
• Investing.com

Both provide the same value for the 31 December 2024 (last working day for which data are available).

1. Number of holders (percentage shareholding)

By default, Autodeclaro assigns a single holder, which implies a 100 % participation on each declared asset.
If you need to indicate more than one headline, You can modify it by following the instructions in the question 8 (“Can I change the default values...”).

2. Origin of the good or right (A, M, C)

Autodeclaro automatically assigns the origin of the good accordingly:

• • A - High: An asset that is declared for the first time in the financial year.

  • M - Maintained: Asset already declared in previous years and which continues to exist.

  • C - Cancelled: Asset whose ownership has been extinguished (sale, cancellation, change of ISIN, etc.).

In order to be able to correctly assign values M or C, it is essential to include the extract from the last exercise of the Form 720 submitted.

(*) The 2025 campaign introduces adjustments to the way the origin of the good is filled in. For more information Question 2 - What's New 2025.

3. Country code (section “Data of the declarant”)

Autodeclaro assigns by default the country of custody of the broker, according to the following correlation:

• • DeGiro: NL (Netherlands)

  • IBKR: IE (Ireland)

  • Revolut: GB (United Kingdom)

  • XTB: Country indicated in the extract

  • eToro: CY (Cyprus)

  • Trading 212: CY (Cyprus)

  • Admiral Markets: CY / UK / AU (according to extract)

  • Trade Republic: DE (Germany)

  • Interactive Investors: UK (United Kingdom)

  • eTrade: US (United States)

  • Charles Schwab: US (United States)

  • DIF Broker: PT (Portugal)

  • Scalable Capital: DE (Germany)

If you need to change the country, you can do so by using the functionality explained in the question 8.

4. Country code (domicile of the entity or location of the real estate)

This code corresponds to the country of the fiscal seat of the issuing entity.
In order to complete this, Autodeclaro uses a database with more than 70,000 companies from FinancialModelingPrep.com.

If the exact address is not found, the field is empty and will have to be filled in manually.

5. Address of issuer or entity

Autodeclaro automatically fills in the full address of the entity using the same database of 70,000 companies.

Although in Renta Web the address does not appear as a mandatory field, the AEAT indicates in the Question 69 of the official FAQ to be completed.

6. Key of the type of asset or right (C, V, I, S, B)

For broker statements, the following keys mainly apply:

• • Type V - Securities or rights representing interests in legal entities.

  • Type I - Shares and units in collective investment undertakings.

In some cases, it may also apply:

• • Type C - Accounts opened with banks or credit institutions abroad.
    (For example, the cash in foreign brokers. Note: Broker statements do not normally include bank account details, so this value is declared manually in Renta Web).

7. Sub-keys of the type of asset (only for type V)

The subkey determines the specific type of value:

1. 1. Participation in legal entities (actions)

   2. Transfer of own capital (bonds, ETC, ETN...)

   3. Values contributed to legal instruments, including trusts and trusts without legal personality.

For Type I (funds and ETFs) the subclave not applicable.

8. Default values according to instrument type

• • Actions: Type V, subclave 1

  • ETFs and investment funds: Type I (without subclave)

  • Bonds, ETCs and ETNs: Type V, subkey 2

The products referred to as IRA and ROTH IRA are not reported as “shares/securities” but as a total of “life or disability insurance policies of which they are policyholders at 31 December of each year given that the insurer is located abroad”. As explained in the binding consultation V1291-22.

They would have to be reported through the excel file explained in the FAQ 5.

According to the AEAT's frequently asked questions, when a community property is formally in the name of only one of the spouses, both (if they meet the requirements of the obligation) must file Form 720.

The spouse who is not a formal holder should be declared as actual holder, in accordance with Article 4.2 of Law 10/2010 on the prevention of money laundering.

Therefore:

• The spouse formal holder must state the condition “1. Holder”.” with a 100 % participation.
• The other spouse must state the condition "8. Other forms of beneficial ownership".indicating a 50 % participation.

In addition, Autodeclaro has incorporated at the end of the purchase process a specific option to add the spouse's Model 720., This will facilitate joint submission where necessary.

Yes, it is normal that the total amount appearing in the Form 720 does not match with the current value of your portfolio at the broker, but only when you have already filed a Modelo 720 before..

1. If you have already filed a Form 720 in previous years

The Form 720 does not only reflect what you have today, but also what you have today. everything that has happened to your assets since your last declaration, including:

• Incorporated goods (type A)
• Assets held (type M)
• Assets extinguished or sold (type C)

Therefore, the tax authorities add up all the entries (A + M + C).
Instead, your broker only shows current assets.

The consequence is normal and expected:

• The total of the Model 720 will be different from the total of your current portfolio.
• This is not a mistake: it is exactly how Model 720 should work.

2. If this is the first time you are filing the 720 Form

In this case, the current photo in your portfolio must match the current one with what has been declared, because:

• Only goods are reported existing as at 31 December,
• There are no previous assets to declare as held (M) or extinct (C).

Therefore, if it is your first submission, the amount declared is it must align with the real value of your portfolio. (except for minor exchange rate differences).

The cash or available balance that you hold with a foreign broker is part of the Cash and Foreign Accounts“ block” of Model 720.
This block is independent of the stocks and shares, The cash is therefore declared separately.

It is only obligatory to declare it if the total cash balance exceeds €50,000 as at 31 December of the financial year being presented.

The cash declaration is made as a Type C asset (accounts opened with banks or credit institutions abroad).
As brokers' statements normally do do not show complete bank details, The information must be entered directly into Renta Web.

Detailed instructions can be found here:
https://autodeclaro.es/instrucciones-auto-720/#cuenta-efectivo

According to the AEAT's frequently asked questions, there is no obligation to declare these assets in the Form 720. when they are considered to be movable or heritage assets in their own right.

However, the situation changes if these goods are used as underlyings to generate rights or income that are subject to declaration.
For example, when they are contributed as capital to an entity located abroad to set up:

• Temporary or life annuities
• Economic rights
• Legal or equity instruments

In such cases, although physical goods are not directly declared, the income or entitlement generated must be declared, irrespective of the type of asset contributed.

Yes, if you have already filed the Form 720 in previous years and wish to file a subsequent campaign, it is obligatory to provide two extracts:

1. The extract from the last previously declared financial year, as at 31 December.
2. The extract of the exercise you wish to submit, also as at 31 December.

For example:
If your last Form 720 filed corresponds to the financial year 2020 and now you need to present the exercise 2025, you will need to attach:

• Extract a 31/12/2020
• Extract a 31/12/2025

This allows Autodeclaro to correctly identify held, new and extinguished assets between the two years.

You can consult the complete instructions and all the details in the following link.

The instructions together with all the details here.

Below you can download trial portfolios for use in the DEMO version.

• DeGiro Portfolio -> Download
• IBKR Portfolio -> Download

Legal persons are not obliged to report on the securities, rights, insurance and income deposited, managed or obtained abroad that they have recorded in their accounts on an individual basis.

No, domestic brokers and all investments made through them do not have to be reported in Form 720.

No, cryptocurrencies are not reported on the 720 form. If this is your case, you would have to use the Modelo 721.

If you would have to report the uninvested balance of FIAT money in your exchange.