English-Speaking Wealth Tax (Modelo 714) in Spain

Searching for Wealth Tax (Modelo 714) in Spain Service? Customer reviews to help you select from the best, most experienced Accountants in Spain

Client testimonials

Highly professional, efficient service. Response to our urgent email almost immediately. Our lawyer, very approachable and helpful with the handling of this case and intercepting everything into Engli... [read more]

Rhona Goodwin (Nov, 16 2022)

"I found the service very helpful and easy to use. It took the fear out of employing a legal service in that it was upfront and transparent and reasonably priced."

Derry Conran (Nov, 02 2022)

"Very responsive and reached out to me via phone call to set up a consultation. Answered all my questions and was willing to help."

Natalie Stephens (Oct, 24 2022)

"Proactive, always helpful and ready to answer questions, took control of my issue and clearly explained what I needed to do. Good value."

Jerry Lockspeiser (Oct, 16 2022)

"Very professional and knowledgeable. Came well-prepared to the meeting. I am extremely satisfied."

Piotr Nagalski (Oct, 11 2022)

"Responsible, understanding, good personal contact. Always finding time for us, very kind and helpful."

Paul Tapper (Aug, 09 2022)

"My lawyer was amazing. Every question quickly answered."

Marc (May, 19 2022)

"Amazing service. Would recommend to everyone."

Noreen Murphy (Mar, 18 2022)

Excellent service, very quick to explain all procedures and possible outcomes. Once our lawyer began, the service was extremely professional and thorough, with clear communication at every stage. The... [read more]

Malcolm Shaw (Mar, 07 2022)

I found my lawyer to be prompt with all responses. My requirement was identified and understood, and I was advised of any potential complications. I found the service provided to be both professional... [read more]

Elizabeth (Feb, 02 2022)

"Very, very happy with the service provided. I would definitely recommend my lawyer and would be very happy to use the service again. I felt in good hands immediately."

Joanne Mulvany (Feb, 01 2022)

"My lawyer was responsive and engaged and always willing to help. Everything went smoothly, and I received explanations regarding all the caveats. I highly recommend this service."

Tomasz Weglinski (Jan, 18 2022)

"Our lawyer was very helpful, professional and kind - nothing was too much trouble. If I left a message, we got a reply within 24 hours. Would recommend this service to anyone."

Michael Bailey (Dec, 13 2021)

"I was extremely pleased with the whole service."

Rex Millward (Jul, 02 2021)

"Extremely helpful, trustworthy, and went beyond expectations to help and serve me as a client."

Eric (Jan, 20 2021)

Established more than
10 years ago

Present in 20
European Countries

Over 30,000 client enquiries
successfully managed

Service Details

Wealth Tax (Modelo 714)

This service is available across Spain

Who Is This Service For?

This service is ideal for individuals, both residents and non-residents, who possess assets in Spain and are liable to pay the Spanish Wealth Tax, also known as "impuesto de patrimonio."

It is particularly beneficial for expatriates and foreigners who may find the Spanish tax system complex due to unique tax implications and regional variations.

Individuals with a diverse range of assets, including real estate, savings, investments, and valuable possessions located in Spain, would significantly benefit from this service, especially those unfamiliar with the exemptions and allowances available in different autonomous communities.

Requirements

Clients seeking assistance with their Wealth Tax Return in Spain should have a clear and detailed record of their assets, both within Spain and worldwide if they are tax residents.

They must be able to provide accurate valuations of their assets as of December 31st of the relevant tax year and any related debts or loans.

Knowledge of their tax residency status is crucial, as it impacts the applicability of the tax on worldwide assets and the availability of regional allowances and exemptions.

Procedure

The procedure involves an initial consultation to understand the client's asset portfolio, tax residency status, and any specific concerns or requirements they have.
Following this, a detailed assessment of the client's assets and liabilities is conducted to accurately determine the net value subject to the wealth tax.
The applicable tax rates, allowances, and exemptions are then identified, considering regional variations.
Subsequently, the wealth tax return is meticulously prepared, ensuring compliance with Spanish tax laws, and submitted to the Tax Office using form 714 between April and June.

Benefits

Choosing experienced English-speaking lawyers for this service ensures clear and precise communication, eliminating misunderstandings due to language barriers, which is crucial for international clients.
Clients receive personalized advice tailored to their unique circumstances, enabling them to optimize their tax positions and benefit from available allowances and exemptions.
The expertise of specialist tax professionals provides clients with peace of mind, knowing that their wealth tax returns are accurate, compliant, and submitted timely, mitigating risks of penalties and legal complications.
This professional guidance is invaluable for navigating the complexities of the Spanish tax system and regional variations efficiently.

What does this service consist of?

Initial Consultation: Understanding the client’s asset portfolio, tax residency status, and specific needs or concerns.
Asset and Liability Assessment: Detailed evaluation of assets and liabilities to determine the net value subject to wealth tax.
Identification of Applicable Rates and Allowances: Determining the relevant tax rates, exemptions, and allowances, considering regional variations.
Preparation and Submission of Tax Return: Accurate preparation and timely submission of the wealth tax return using form 714.
Optimization Strategies: Providing advice on legal avenues to optimize tax positions, including restructuring investments and leveraging exemptions.
Ongoing Support and Advice: Offering continuous support and counsel on any subsequent inquiries or issues related to wealth tax.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

Verification of the regulatory status of your professional.
Fees as recommended by the Local Professional Body
Fees specified in advance and legally guaranteed.
Service levels agreed in advance and guaranteed.
All professionals must hold professional indemnity insurance.
Professionals' proficiency in English monitored.
Continuous quality controls and reviews.

Why choose Advocate Abroad?

Our Accountants

Francisco, Accountant in Zaragoza

Cases completed 71

With more than 20 years legal experience, Francisco leads a multi-disciplinary law firm which comprises ten lawyers working in their specialised field... [read more]

With more than 20 years legal experience, Francisco leads a multi-disciplinary law firm which comprises ten lawyers working in their specialised fields. Assistance in all major areas of the law are offered including property law, contract breach/debt recovery, business formation and taxation as well as civil matters such as family law and inheritances.

Customer Reviews

Dariusz Wiatrak Feb, 16 2022

I have been working with Francisco for over 2 years. He is easy to reach very informative in all issues related to taxes in Spain for a foreigner.

Francisco is very professional and knowledgeable.

Trevor Bush, Biniés, Huesca Feb, 11 2022

Very pleasant person to deal with, managed to get a difficult house purchase sorted.

Colin Farrand, Malaga Jun, 05 2020

I am in Malaga and use your office in Zaragoza for my clients in that area.

They are very helpful and professional.

Jonathan Mackay, Jaca Mar, 12 2020

Francisco was extremely professional and answered our many questions promptly and clearly, both by phone and email. We feel very lucky to have had Francisco handle our Spanish Fiscal declaration.

The service was perfect, and we are very happy with the whole process.

John Hipper, Zaragoza Dec, 03 2019

Francisco was recommended to me by friends in Spain after they had a very positive experience with him. He was an excellent contact for me while I was in the process of buying a house in Spain.

It was an overwhelming experience buying from Canada, particularly because of the language barrier and the time difference, but Francisco did a fantastic job of explaining to me everything about the forms, taxes and the local processes.

He was helpful, friendly and informative. When I arrived in Spain to complete the purchase, I felt much more confident knowing that I had his advice and assistance, he even offered to help me fix a problem with my bank accounts when I didn't understand what was happening (language).

I would have no hesitation using his services again and highly recommend him to anyone in need of his assistance. I was 100% happy.

Eamonn Gomez, Madrid Sep, 29 2019

Francisco and Carmen did a great job handling my divorce. In this difficult time for me, they handled the issues with understanding and flexibility.

Francisco was very good in court and he could defend well against all the challenges made to the pre-nuptial contract my husband and I signed, so that it was upheld in full.

Eamonn Gomez, Madrid Sep, 07 2019

Francisco was extremely helpful, he couldn't have done more.

Kimberly Adams, USA Nov, 09 2017

My lawyer Francisco was very helpful. He knew what information I needed to give him to acquire the documents I needed.

He was very responsive to my status requests and he sent me the documents quickly. I am extremely happy and grateful for his service.

MW, Lledo, Spain May, 23 2017

I am very satisfied with the service provided by my lawyer.

He was extremely helpful and I would definitely use the same lawyer again in the future.

Antonina Hales, Zaragoza Sep, 22 2015

We contacted this law firm on several occasions with different questions (immigration, work contracts, rent of property, purchase of property) and they could always give us a thorough answer to our questions.

The lawyers provided us all necessary information and helped us to choose the best solution. They were very attentive and helpful. As we don’t speak Spanish, they accompanied us to all government offices.

CL, Pennsylvania Jun, 25 2015

Francisco did a great job of helping us through a process which required his diligence in order to be successful.

He worked hard on our behalf and we appreciated his determination.

Osman Bakri, UAE BARQ Mar, 10 2015

Our lawyer Francisco was very helpful , he didn’t spare any effort in fulfilling his duties which helped us reach our goal.

We would definitely use his services again.

Ivanushkin, Accountant in Alicante

Cases completed 58

Denis provides expert fiscal and tax advice to local and international companies as well as self-employed individuals - ensuring tax compliance at all... [read more]

Denis provides expert fiscal and tax advice to local and international companies as well as self-employed individuals - ensuring tax compliance at all times and avoiding any issues with the Spanish tax authorities.

Customer Reviews

Makis Fidanis Nov, 16 2022

Denis was happy to call me and discuss my situation before sending a proposal. His English is excellent and explained everything really well.

The service he provides is very good value for money and I would not hesitate to recommend him!

Eugene de Coning Oct, 20 2022

Denis was very helpful and clearly explained all my options. Always kept me informed so I never had to chase for updates.

Richard Perry Aug, 11 2022

Denis was able, knew his stuff, and was punctual. I received answers to all the questions I posed.

Maria, Accountant in Girona

"Maria is an experienced English speaking Spanish lawyer with experience in Property law, inheritances and corporate and private banking."

Customer Reviews

Marco Bruschi May, 03 2023

I needed a lawyer since I got in trouble with getting a money refund after cancelling a car reservation due to fraudulent information posted on the internet by the car dealer. I then contacted Advocate Abroad and my case was followed by Maria, one of the lawyers of the team.

Thanks to her action I was able to get back in few days a relevant part of the money and this I consider an absolute success. When dealing with Maria I built the strong opinion that she is a smart, excellent and reliable professional, coming quickly to the point of the matter.

I would absolutely recommend her and Advocate Abroad in the future to friends who could need legal support in Spain, and I would myself contact them again in case of need. [View all G o o g l e Reviews]

Miguel, Accountant in Malaga

Cases completed 495

Miguel is a highly qualified - and regulated - economista, similar to a chartered accountant in the UK. He specialises in business and property matter... [read more]

Miguel is a highly qualified - and regulated - economista, similar to a chartered accountant in the UK. He specialises in business and property matters and over the years has assisted many English-speakers relocating to Spain who wish to establish their businesses in Spain and also get assistance with property investment. Miguel speaks English fluently.

Customer Reviews

Robert Gray Sep, 06 2022

Very responsive, solution orientated and professional.

Neil Tetley Jun, 27 2022

Miguel has been excellent - really quick to respond and helpful. [View all G o o g l e Reviews]

Andy Docksey Jun, 16 2022

Miguel is very professional, easy to approach with any quiries and very quick to respond in a clear way. He offers great value for money for his expertise and I recommend his services 100%.

Clive Lloyd May, 13 2022

I have been really happy with the service I have received from Miguel. His advice on tax issues and completion of my tax demands has been excellent.

I would definitely recommend using his services. [View all G o o g l e Reviews]

Richard Adamczyk May, 13 2022

I am very happy with the help and service I have been receiving from Miguel regarding my tax information and setting up my freelancer documents.

I definitely recommend his services! [View all G o o g l e Reviews]

David May, 05 2022

Miguel has shown a high level of professionalism and an impressive attention to detail in his explanations of my tax case.

He replies promptly and is proactive in finding and explaining solutions to problems. I recommend him and this service very highly. Thank you for all your work for me Miguel.

Robert Gray May, 02 2022

Super-responsive and totally professional!

Andy Docksey Apr, 20 2022

Miguel provides an overall excellent service, very professional, and quickly responds to any queries.

I always receive information regarding my tax in plenty of time, so I never have any problems with the tax office.

He's very clear, and makes everything easy to understand. I recommend his services 100%.

Joanne Cadier Apr, 18 2022

Miguel always responds swiftly and is able to provide clear and helpful advice.

I have been using Miguel's tax services for over 4 years and recommended him more than once and shall continue to do so.

Susan Solman Apr, 14 2022

Miguel, understands completely the problems we are encountering with the Spanish Tax system, especially the dual tax situation concerning my Husbands Naval pension.

Jackie Acres Apr, 13 2022

I've put at least 3 people in contact with Miguel. He is a great accountant. And I would give him top marks for all the areas you evaluate them on.

Robert Gray Apr, 11 2022

Miguel is super responsive, clear with his communication and always strives to be as helpful as possible.

Michael Rhodes Apr, 11 2022

We find Miguel excellent in all of attributes and skills listed above. His communications with us and requests for information necessary to complete his brief are always timely and clear.

We appreciate his guidance to us in complying fully with Spanish law on relevant matters.

Andre Posinski Mar, 24 2022

Miguel was spot on he answered all my questions, explained me things I didn't even know to ask and was always punctual and even one step ahead always.
He is a true professional and I would recommend him to everyone.

Mike Geddes, Scotland UK Jan, 19 2022

Miguel took over our tax case at the very last moment and pulled out all the stops to ensure that the deadlines set by the Hacienda were met.

This included getting in touch with me at the weekend. Altogether first class service.