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ARE YOU PAYING TOO MUCH TAX ON YOUR SAVINGS?
A Spanish Compliant Insurance bond is not declarable on the the Modelo 720 Overseas Assets Declaration in Spain if the overseas insurance company is making the declaration separately as part of their obligations. Hacienda details (Question 29). However, should you or your accountant wish to disclose the value, it is the surrender value, not the current stated value, which is declarable.
For more information on how you can save tax on your savings, contact me on (+34) 96 558 7633 or complete the form to the right. email@example.com