{"id":10048,"date":"2026-10-27T11:29:55","date_gmt":"2026-10-27T10:29:55","guid":{"rendered":"https:\/\/www.invantapps.com\/?p=10048"},"modified":"2026-10-27T11:29:55","modified_gmt":"2026-10-27T10:29:55","slug":"modelo-720-crowdlending","status":"publish","type":"post","link":"https:\/\/www.invantapps.com\/en\/academia\/modelo-720-crowdlending\/","title":{"rendered":"Model 720 and crowdlending: who has to file it and what to declare"},"content":{"rendered":"<div class=\"invant-post-content\" style=\"line-height: 1.7; color: #2d3748; font-size: 17px;\">\n\n<p style=\"font-size: 19px; font-weight: 600; color: #1e293b; margin-bottom: 24px;\">As of December 31, 2025, I had about \u20ac51,000 in foreign crowdlending platforms. A thousand euros above the limit, so I had to file a report. <strong>Model 720<\/strong>. And this is exactly the statement that generates the most doubts in the community: do I have to present it? What do I declare? Loans too?<\/p>\n\n<p>The good news is that the 720 model and crowdlending are very well understood with a single idea: Hacienda doesn't care about what you earn, but <strong>What you have outside Spain on December 31st<\/strong>. I will explain it step by step and without technical jargon.<\/p>\n\n<!-- V\u00eddeo de YouTube Incrustado (Responsive 16:9, sin Error 153) -->\n<div style=\"margin: 30px 0; padding: 20px 22px; background: #f0fdf4; border-left: 5px solid #16a34a; border-radius: 8px;\">\n  <strong style=\"color: #166534; font-size: 16px; display: block; margin-bottom: 6px;\">\n    Would you prefer to see the explanation in video?\n  <\/strong>\n  <p style=\"margin: 0 0 16px 0; color: #15803d; font-size: 15px;\">\n    I'll explain it step by step with practical examples on the screen:\n  <\/p>\n\n  <!-- Contenedor Responsive 16:9 -->\n  <div style=\"position: relative; width: 100%; aspect-ratio: 16 \/ 9; border-radius: 8px; overflow: hidden; box-shadow: 0 4px 14px rgba(0,0,0,0.1);\">\n    <iframe src=\"https:\/\/www.youtube.com\/embed\/OIkC-dzql60\"\n      title=\"Model 720: step-by-step guide to avoid sanctions\"\n      style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%; border: 0;\"\n      referrerpolicy=\"strict-origin-when-cross-origin\"\n      allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\"\n      allowfullscreen loading=\"lazy\">\n    <\/iframe>\n  <\/div>\n\n  <!-- Enlace de respaldo (Fallback si bloquean cookies o terceros) -->\n  <p style=\"margin: 12px 0 0 0; font-size: 13px; color: #15803d; text-align: right;\">\n    Does it not reproduce? <a href=\"https:\/\/youtu.be\/OIkC-dzql60\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"color: #047857; font-weight: bold; text-decoration: underline;\">Open directly on YouTube \u2192<\/a>\n  <\/p>\n<\/div>\n\n<h2>What is the 720 model?<\/h2>\n\n<p>It is a <strong>Informational statement<\/strong>You tell the tax authorities what assets you have abroad, but <strong>You don't pay anything<\/strong> for filing it. The gains from your investments are declared later, in the income tax return, which is a separate matter.<\/p>\n\n<p>Think of the 720 as a <strong>Photo of your inventory as of December 31st<\/strong>. It doesn't matter what you've won or lost during the year, and it doesn't matter what you have on the day you present it: what matters is what you had on that last day of the year.<\/p>\n\n<!-- Callout Nota T\u00e9cnica (Azul) -->\n<div style=\"margin: 24px 0; padding: 18px 20px; background: #eff6ff; border-left: 5px solid #3b82f6; border-radius: 6px;\">\n  <strong style=\"color: #1e40af; font-size: 16px;\">Next campaign:<\/strong>\n  <p style=\"margin: 6px 0 0; color: #1d4ed8; font-size: 15px;\">From January 1 to March 31, 2027, with the photo of your assets on December 31, 2026. If you live in the Basque Country or Navarre, you present it to your provincial treasury, which has its own deadlines.<\/p>\n<\/div>\n\n<h2>The 3 blocks and the rule of the 50,000 \u20ac<\/h2>\n\n<p>The 720 model divides your foreign assets into three blocks. You are only required to file it if <strong>any of the blocks<\/strong> exceeds \u20ac50,000:<\/p>\n\n<div style=\"overflow-x: auto; margin: 25px 0;\">\n  <table style=\"width: 100%; border-collapse: collapse; text-align: left; font-size: 15px; border: 1px solid #e2e8f0; border-radius: 8px; overflow: hidden;\">\n    <thead>\n      <tr style=\"background: #0f172a; color: #ffffff;\">\n        <th style=\"padding: 14px 16px; border: 1px solid #1e293b;\">Block<\/th>\n        <th style=\"padding: 14px 16px; border: 1px solid #1e293b;\">What it includes<\/th>\n        <th style=\"padding: 14px 16px; border: 1px solid #1e293b;\">When it forces you<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr style=\"background: #ffffff;\">\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: bold;\">Accounts<\/td>\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0;\">Bank accounts abroad and the <strong>money without investment<\/strong> on foreign platforms<\/td>\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0;\">If the balance on December 31 <strong>o<\/strong> The average balance for the last quarter exceeds \u20ac50,000<\/td>\n      <\/tr>\n      <tr style=\"background: #f8fafc;\">\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: bold;\">Values<\/td>\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0;\">Shares, ETFs, funds, bonds and the <em>notes<\/em> with ISIN of crowdlending<\/td>\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0;\">If your value on December 31st exceeds \u20ac50,000<\/td>\n      <\/tr>\n      <tr style=\"background: #ffffff;\">\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: bold;\">Real estate<\/td>\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0;\">Houses, premises or land outside Spain<\/td>\n        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0;\">If your purchase value exceeds \u20ac50,000<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n<!-- Callout Consejo \/ Tip (Verde) -->\n<div style=\"margin: 24px 0; padding: 18px 20px; background: #f0fdf4; border-left: 5px solid #16a34a; border-radius: 6px;\">\n  <strong style=\"color: #166534; font-size: 16px;\">The key: each block counts separately.<\/strong>\n  <p style=\"margin: 6px 0 0; color: #15803d; font-size: 15px;\">If you have \u20ac40,000 in <em>notes<\/em> And with \u20ac30,000 without investment, you have exceeded \u20ac50,000 in total, but no block reaches the limit. You are not obliged to submit it.<\/p>\n<\/div>\n\n<p>Watch out for the account block: in addition to the balance as of December 31, look at the <strong>Average balance from October to December<\/strong>. If you had a lot of money sitting in an account during those months, you can exceed the limit even if you had already invested it by December 31st.<\/p>\n\n<h2>And my crowdlending? What qualifies and what doesn't<\/h2>\n\n<p>Here lies the doubt of almost everyone. In crowdlending, the question that resolves it is very simple: <strong>Does what you have have an ISIN?<\/strong> The ISIN is like the ID number of a financial instrument.<\/p>\n\n<ul>\n  <li><strong><em>Notes<\/em> with ISIN \u2192 yes, in the securities block.<\/strong> These are the investments of the 6 first-class platforms that have a license to be an investment broker: <a href=\"https:\/\/www.invantapps.com\/en\/plataformas\/mintos\/\">Mintos<\/a>, Twino, <a href=\"https:\/\/www.invantapps.com\/en\/plataformas\/debitum\/\">Debitum<\/a>, <a href=\"https:\/\/www.invantapps.com\/en\/plataformas\/indemo\/\">Indemo<\/a>, <a href=\"https:\/\/www.invantapps.com\/en\/plataformas\/nectaro\/\">Nectaro<\/a> And ViaInvest. That license allows them to convert the loans into financial instruments with ISIN (<a href=\"https:\/\/www.invantapps.com\/en\/academia\/plataformas-reguladas-crowdlending\/\">Here I explain what each license means<\/a>).<\/li>\n  <li><strong>Loans without ISIN \u2192 no.<\/strong> On the other platforms, you invest directly in loans, and the Treasury has already clarified in a binding consultation (V1342-18) that these loans are not declared in the 720.<\/li>\n  <li><strong>Money without investment \u2192 depends.<\/strong> It goes to the account block on any foreign platform, regardless of the license you have, and only requires you to do so if that block exceeds \u20ac50,000.<\/li>\n<\/ul>\n\n<p>Important: that you invest in a first-class platform <strong>It doesn't force you to do it alone<\/strong> to present the 720. Yours <em>notes<\/em> add up the value in the block of securities along with your stocks, ETFs or funds in foreign brokers, and what counts is the total of that block.<\/p>\n\n<h2>Do you have to submit it every year?<\/h2>\n\n<p>You have to submit the first year if you exceed \u20ac50,000 in any block. After that, you only have to submit it again if:<\/p>\n\n<ul>\n  <li><strong>One block rises more than \u20ac20,000<\/strong> Regarding what you declared last time, or<\/li>\n  <li><strong>You sell or cancel something that you had already declared.<\/strong><\/li>\n<\/ul>\n\n<p>And here crowdlending has a particularity: the <em>notes<\/em> They expire every few months, and each expiration is a cancellation. Therefore, if you invest in first-class platforms and you have already submitted the 720, <strong>The most common situation is that you have to submit it every year.<\/strong>.<\/p>\n\n<h2>What doesn't fit in the 720 model<\/h2>\n\n<ul>\n  <li><strong>Physical gold, jewelry, cars or boats<\/strong> You have it. Gold through an ETF, on the other hand, counts as value.<\/li>\n  <li><strong>Cryptocurrencies.<\/strong> They have their own model, the <strong>721<\/strong>, Following the same logic: if you have them stored on a foreign platform and they exceed \u20ac50,000. The ones you keep in your own wallet are not declared.<\/li>\n  <li><strong>Your profits.<\/strong> Whatever you have won or lost goes to <a href=\"https:\/\/www.invantapps.com\/en\/academia\/declaracion-de-la-renta-2025\/\">income tax return<\/a>, No to 720. The fact that you have won more than 50,000 \u20ac has nothing to do with this model.<\/li>\n<\/ul>\n\n<h2>What happens if I don't present it?<\/h2>\n\n<p>For years, the 720 model has had exorbitant fines. In 2022, the Court of Justice of the European Union declared them disproportionate and Spain had to eliminate them. Today, if you do not file them or file them late, the general penalties for any informative declaration apply, which are much lower than before.<\/p>\n\n<!-- Callout Riesgo \/ Advertencia (\u00c1mbar) -->\n<div style=\"margin: 24px 0; padding: 18px 20px; background: #fffbeb; border-left: 5px solid #f59e0b; border-radius: 6px;\">\n  <strong style=\"color: #92400e; font-size: 16px;\">My recommendation:<\/strong>\n  <p style=\"margin: 6px 0 0; color: #b45309; font-size: 15px;\">Do it properly and go ahead. And if you have been in the same situation for a few years, present it as soon as possible and on your own: if you do it before the tax authorities ask you to do so, the penalty is reduced to half.<\/p>\n<\/div>\n\n<h2>How it is presented in practice<\/h2>\n\n<p>The process has three steps:<\/p>\n\n<ol>\n  <li><strong>Download the extracts<\/strong> of each platform with your wallet as of December 31st.<\/li>\n  <li><strong>Transferring that data to the Treasury format.<\/strong> Here's the problem: the 720 model requests each value one by one, with its ISIN, and in crowdlending it's easy to have hundreds of them. <em>notes<\/em>. I had about 600. Making it by hand is crazy.<\/li>\n  <li><strong>Importing the file<\/strong> in the <a href=\"https:\/\/sede.agenciatributaria.gob.es\/Sede\/procedimientos\/GI34.shtml\" target=\"_blank\" rel=\"noopener noreferrer\">Electronic headquarters of the Tax Agency<\/a>, review it and submit it.<\/li>\n<\/ol>\n\n<p>For step 2 I use <a href=\"https:\/\/autodeclaro.es\/InvantAPPS\" target=\"_blank\" rel=\"noopener noreferrer sponsored\"><strong>AutoDeclaro<\/strong><\/a>I send you the extracts without any personal data and return you the file ready to be imported into Hacienda. <em>Transparency: I have a collaboration agreement with AutoDeclaro and I receive a commission if you use it with the community coupon.<\/em><\/p>\n\n<p>If you want to see it from start to finish, in this video I present it step by step using my own platforms: <a href=\"https:\/\/youtu.be\/-YHDeAzVWK8\" target=\"_blank\" rel=\"noopener noreferrer\">Model 720 for crowdlending from 0 to present<\/a>.<\/p>\n\n<h2>Frequently Asked Questions<\/h2>\n\n<div style=\"margin: 24px 0;\">\n  <details style=\"margin-bottom: 10px; padding: 14px 18px; background: #f8fafc; border: 1px solid #e2e8f0; border-radius: 6px; cursor: pointer;\">\n    <summary style=\"font-weight: 600; color: #0f172a; font-size: 16px;\">If I have won more than \u20ac50,000, do I have to file Form 720?<\/summary>\n    <p style=\"margin: 10px 0 0; color: #475569; font-size: 15px; line-height: 1.6;\">Not for that reason. The 720 doesn't look at what you earn, but at what you have abroad on December 31st. Your earnings go to the income tax return.<\/p>\n  <\/details>\n  <details style=\"margin-bottom: 10px; padding: 14px 18px; background: #f8fafc; border: 1px solid #e2e8f0; border-radius: 6px; cursor: pointer;\">\n    <summary style=\"font-weight: 600; color: #0f172a; font-size: 16px;\">Do I have to pay anything when I submit the 720 form?<\/summary>\n    <p style=\"margin: 10px 0 0; color: #475569; font-size: 15px; line-height: 1.6;\">No. It is an informative statement: you just tell the tax authorities what you have outside. The taxes on what you earn are paid in income tax.<\/p>\n  <\/details>\n  <details style=\"margin-bottom: 10px; padding: 14px 18px; background: #f8fafc; border: 1px solid #e2e8f0; border-radius: 6px; cursor: pointer;\">\n    <summary style=\"font-weight: 600; color: #0f172a; font-size: 16px;\">I have \u20ac60,000 in crowdlending; am I obligated?<\/summary>\n    <p style=\"margin: 10px 0 0; color: #475569; font-size: 15px; line-height: 1.6;\">It depends on how they are distributed. If \u20ac45,000 is <em>notes<\/em> With ISIN and 15,000 \u20ac are loans without ISIN or money without investing; no block exceeds 50,000 \u20ac and you do not have to present it. If you have 55,000 \u20ac in <em>notes<\/em>, Yes, it is.<\/p>\n  <\/details>\n<\/div>\n\n<!-- Caja de llamada a la comunidad -->\n<div style=\"margin: 32px 0; padding: 24px; background: #f8fafc; border: 1px solid #cbd5e1; border-radius: 8px;\">\n  <h3 style=\"margin: 0 0 12px 0; color: #0f172a; font-size: 20px;\">Community and resources<\/h3>\n  <p style=\"margin: 0 0 12px 0; color: #334155; line-height: 1.6;\">\n    In the Telegram community of <strong>InvantAPPs<\/strong> We share our real-world experiences by investing in crowdlending platforms, we keep up to date with changes in regulation and taxation, and we resolve day-to-day questions among investors.\n  <\/p>\n  <p style=\"margin: 0 0 16px 0; color: #334155; line-height: 1.6;\">\n    If you are taking your first steps or want to test your analysis before moving your capital, we are waiting for you in the group.\n  <\/p>\n  <a href=\"https:\/\/t.me\/+KOmbeIuw2iQzMzQ8\" target=\"_blank\" rel=\"noopener noreferrer\" style=\"display: inline-block; padding: 10px 20px; background: #0284c7; color: #ffffff; text-decoration: none; border-radius: 6px; font-weight: 600; font-size: 15px;\">\n    Join the Telegram group \u2192\n  <\/a>\n<\/div>\n\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Model 720 and crowdlending explained without the technical jargon: who has to submit it, what to declare and what not, and why the key is the ISIN.<\/p>","protected":false},"author":7,"featured_media":10049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fiscalidad"],"_links":{"self":[{"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/posts\/10048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/comments?post=10048"}],"version-history":[{"count":1,"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/posts\/10048\/revisions"}],"predecessor-version":[{"id":10051,"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/posts\/10048\/revisions\/10051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/media\/10049"}],"wp:attachment":[{"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/media?parent=10048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/categories?post=10048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invantapps.com\/en\/wp-json\/wp\/v2\/tags?post=10048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}