The tax return campaign starts at the beginning of April. If you invest in the stock market, filling out your tax draft can be a tedious task (to put it mildly), but your choice of broker can make things a lot easier for you. For example, if your investment platform has a national partner for the custody of assets, you will not have to report your stock market operations to Hacienda (Spain’s tax agency), as these will automatically appear in your tax report draft for you to validate them. Pretty handy, isn’t it?

At HeyTrade we share with the Spanish tax authorities all the information related to your trades, from profits to withholding taxes. This saves you from having to fill in form 720, which is used to declare your foreign assets and rights. Please note that filing this form is mandatory for clients of international brokers, with custodians outside Spain, who have investment portfolios of more than 50,000 euros.

In addition to sending the information to the Tax Agency, we will send you your tax report by e-mail before the tax return campaign starts, so that you can check that the information in your draft is correct and matches your tax report.

We hope you have found this information useful. If you have any questions, please write us through our chat or send us an email to support@heytrade.com. It will be our pleasure to help you! 😊