Modelo 714 – Impuesto sobre el Patrimonio (annual online return)

What you need to have to hand

1. Cl@ve PIN, certificado digital or DNIe working.
2. Bank details (accounts and deposits): saldo a 31/12 and average balance for the last quarter.
3. Properties: valor catastral (IBI), purchase price and date; any comprobación administrativa paperwork.
4. Securities/funds: statement as at 31/12 with ISIN and valuation.
5. Cryptocurrencies: balances and euro equivalents at 31/12 per exchange/wallet.
6. Debts: outstanding capital of mortgages and loans at 31/12.
7. Possible exemptions (empresa familiar, discapacidad, etc.).

Documentation

• DNI/NIE and electronic ID method.
• Bank certificates (balances and saldo medio Q4).
• IBI receipts and deeds (for properties), plus comprobación paperwork if any.
• Broker/manager statements (securities, funds, ETFs) as at 31/12.
• List of cryptos with final balance and price in euros at year-end.
• Amortisation schedules or certificates of outstanding debt.
• Proofs for exenciones/reducciones that apply.

Step by step

1. If you want in-person/phone help, book an appointment at the AEAT: sede.agenciatributaria.gob.es/Sede/cita-previa.html.
2. Go to Modelo 714: sede.agenciatributaria.gob.es/Sede/impuesto-sobre-patrimonio/modelo-714.html and log in with Cl@ve/certificado/DNIe.
3. Set your CCAA of residence as at 31/12 and check personal data.
4. Complete the sections: accounts (saldo 31/12 and saldo medio), properties (highest of catastral, acquisition or comprobado), securities/funds, insurance/incomes, other assets (cryptos, art, vehicles), and deductible debts linked to them.
5. Click Validate and check the mínimo exento and regional bonificaciones. Fix warnings until everything is green.
6. If it’s payable, choose payment: domiciliación (watch the cut-off), NRC (generate via your bank or AEAT gateway), direct debit or aplazamiento if needed.
7. Submit and download the receipt (CSV and PDF). Keep the NRC or domiciliación slip too.

Time-savers

• Do it before the final days: domiciliación closes early and the sede slows down at the end.
• Check if your CCAA has specific bonificaciones or different mínimos; it can change the bill a lot.
• Keep an Excel with 31/12 values (accounts, securities, crypto) to copy-paste quickly.
• If unsure about property values, use the highest of the three (catastral, purchase or comprobado); it reduces the risk of requerimientos.
• Can’t pay in one go? Look at the aplazamiento online and simulate interest before committing.

Common mistakes that can mess you up

1. Not filing because “it’s zero”: if you exceed 2.000.000 € in assets, there is an obligation to file.
2. Putting the house value wrong: remember the highest of the three (catastral, purchase, comprobado) and the possible main-residence exemption.
3. Forgetting the saldo medio of accounts: that box exists and AEAT checks it.
4. Non-deductible debts: only debts vinculadas to computable assets are deductible (don’t declare random loans).
5. Leaving it to the last day: you may lose domiciliation and the website can fail.
6. Thinking Madrid means you do nothing: there’s a 100% bonificación, but you may still have to declare if you exceed the threshold.