Ask a tax advisor on the topic of Income tax return

Filling out the KAP form for a savings account in Spain.

August 15, 2021 | 45,00 EUR | answered by Steuerberater Bernd Thomas

Dear Tax Advisor,

Until recently, I only had savings accounts, savings books, investment accounts, and a building society contract with German banks. Therefore, filling out the investment income form in the tax return was not necessary for me.

Now I have opened a savings account in Spain, so I now have to fill out the investment income form. I have some questions:

1. Do I only have to declare the interest income from the savings account in Spain, or the income from all my savings/investment accounts? According to my research on the internet, I have to declare all capital income, is that correct?

2. Where do I have to declare the interest income from the savings account in Spain on the investment income form?

3. If I have to declare all capital income, I am wondering what to do if a bank does not provide a certificate of capital income - according to my research, banks are not required to issue such certificates.

However, I am unsure if no certificate is received from the bank. There may have been no capital income generated, or the bank may take longer to issue the certificate. Can you recommend a "best practice" on how to proceed in such cases?

I understand that if no interest is earned in a savings account in a year, the situation is clear, but when interest is earned or gains are made in an investment account, I find it too risky to calculate on my own (and probably not what the tax office wants).

Thank you in advance for your response and kind regards,

Ulrich Greve

Steuerberater Bernd Thomas

Dear questioner,

I am happy to answer your inquiry based on the information provided in a preliminary consultation on frag-einen.com. The response is based on the facts you have provided. Missing or incorrect information can affect the legal outcome. I assume that your residence and center of life are in Germany.

1) Correct.

2) Attachment KAP 2020 Line 19

3) If everything is 0 at a bank or a depot, no information needs to be provided.

Best regards,

Bernd Thomas
Tax advisor

Information according to DL-InfoV: Tax advisor Dipl.-Kaufmann (FH) Bernd Thomas, Tax advisor, Neustadtswall 85, 28199 Bremen, member of the Hanseatic Tax Advisor Chamber Bremen, registration number 111705, professional liability insurance with R+V Allgemeine Versicherung AG, Mittlerer Pfad 24, 70499 Stuttgart, insurance sum: 250,000 euros for each individual claim; annual maximum benefit: 1,000,000 euros (for all damages in one insurance year); The professional regulations of §§ 3, 3a, 32, 43 Steuerberatungsgesetz apply (regulations can be viewed at: http://www.gesetze-im-internet.de/stberg).