{"id":12385,"date":"2022-12-21T20:27:45","date_gmt":"2022-12-21T19:27:45","guid":{"rendered":"https:\/\/entretramites.com\/en\/?p=12385"},"modified":"2023-05-24T12:34:38","modified_gmt":"2023-05-24T10:34:38","slug":"fill-out-and-submit-form-714","status":"publish","type":"post","link":"https:\/\/entretramites.com\/en\/accounting\/fill-out-and-submit-form-714","title":{"rendered":"Form 714: how to fill out and submit the Wealth Tax return online"},"content":{"rendered":"\n

Form 714<\/strong> is the official return for Spain\u2019s Wealth Tax<\/strong> (Impuesto sobre el Patrimonio<\/em>). It taxes your net worth<\/strong> (assets minus deductible debts) as of 31 December<\/strong> of the relevant tax year, applying the rules in Law 19\/1991<\/strong><\/a>.<\/p>\n\n\n\n

If you need to file Form 714<\/strong><\/a>, you must do it online<\/strong> using the Spanish Tax Agency\u2019s web<\/strong><\/a> form (Modelo 714) through the \u201cServicio tramitaci\u00f3n de declaraci\u00f3n de Patrimonio\u201d. <\/p>\n\n\n\n

This guide explains who must file, what information you need, and the steps to submit Form 714<\/strong> online without missing key checks.<\/p>\n\n\n\n

Who must file Form 714 for Wealth Tax?<\/strong><\/h2>\n\n\n\n

You are required to file Form 714<\/strong> if you meet either<\/strong> of these conditions:<\/p>\n\n\n\n

    \n
  1. Your Wealth Tax liability results payable<\/strong> (after applying any deductions<\/strong><\/a>\/bonifications that apply to you).<\/li>\n\n\n\n
  2. Even if no tax is payable, the value of your assets and rights exceeds \u20ac2,000,000<\/strong> (calculated under Wealth Tax rules and without<\/strong> subtracting debts for this specific threshold test).<\/li>\n<\/ol>\n\n\n\n

    <\/p>\n\n\n\n

    Spain\u2019s general minimum exempt threshold is \u20ac700,000<\/strong>, but Autonomous Communities can set different thresholds for residents in their territory.<\/p>\n\n\n\n

    Quick checklist<\/strong><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    Important:<\/strong> Wealth Tax is a \u201cceded\u201d tax\u2014regions can apply their own scales and bonifications, which can materially change the final amount. The Spanish Tax Agency publishes summaries of regional bonifications for each campaign.<\/p>\n\n\n\n

    When is Form 714 filed?<\/strong><\/h2>\n\n\n\n

    The filing period for Form 714<\/strong> is the same as the annual Personal Income Tax (IRPF) return<\/strong> each year, regardless of whether the result is payable or negative. (Agencia Tributaria<\/a>)<\/p>\n\n\n\n

    If you choose direct debit<\/strong>, the direct-debit deadline is also the same as the IRPF direct-debit deadline.<\/p>\n\n\n\n

    You can always confirm the current campaign dates on the Spanish Tax Agency\u2019s Wealth Tax page<\/strong><\/a> (Impuesto sobre el Patrimonio).<\/p>\n\n\n\n

    What you need before you start<\/strong><\/h2>\n\n\n\n

    To complete Form 714<\/strong> smoothly, prepare:<\/p>\n\n\n\n