(Updated as of March 2022)
How to calculate the threshold to be declared
The balance that should be taken into account is that of "account 2," excluding those accounts that comprise exceptions to the obligation to declare.There is not an obligation to declare give than the balance does not exceed €50,000.
Yes, as long as there is no other reason for exemption.
And if the second account belonged to a company (resident in Spain) which has registered and identified said account in its accounting?
No, in this case the balance of the current account would not be counted, and the holder would be exempt from the obligation to declare.
Yes, they must be declared.
In the content specifications published in Order HAP/72/2013, of 30th January, the possibility of including negative signs in the declared registers is included for the fields of "VALUATION" (both for Register type 1 and 2).
To determine if this threshold is exceeded, the negative balances must be netted with the positive ones.
In relation to the first question, the answer is that the account should not be subject to declaration since, although during the year it has exceeded €50,000, neither the average balance of the last quarter nor the balance at 31 December exceeds this amount.
With regard to the second issue, the answer is that the cancellation of the account does not have to be declared either, given that the taxpayer did not have an obligation to submit the information return for bank accounts before.
I do not have to report the property already sold on 31 December 2012.
I will have to declare the Investment Fund (net asset value at 31/12 over €50,000) and the current account (average balance 4Q over €50,000).
If the total value is €50,000 or less, in the tax form 720 of 2012 I would have not had to declare any property abroad.Consequently, I would have not had to declare the parking space sold in 2013 either.
However, if the total value had been €55,000 in the financial year 2012, I would have declared the three parking spaces in form 720 of 2012 and consequently I will also have to inform about me losing the ownership of the parking space sold in 2013.