What is a Declaration of Assets?
A declaration of assets is a snapshot of the capital accumulated by an individual for submission to the tax authorities upon request. It is crucial to fill out this statement responsibly and with caution.

We recommend keeping a separate folder in which to file all the relevant paperwork, including the following:

1. Annual Reports and Documents Received (usually in February) from banks and other financial institutions, such as annual account balances from banks and pension funds, continuing education funds, other savings, mortgage balances still due, loan balances, etc. according to which we will fill in the relevant fields in the declaration of assets.
2. Purchase of Vehicles – documents detailing the purchase.
3. Purchase of Real Estate – Purchase documents and deeds to property, together with documentation of ancillary expenses such as brokerage payments, legal fees, land appreciation (capital gains) taxes paid, etc. These amounts will be recorded in the declaration of assets together with the cost of purchasing the property or separately as ancillary expenses.
4. Documentation of Gifts Received – Such as real estate property, cars, etc. These items must be recorded in the declaration of assets at zero value.
5. Home Contents – Documentation should be kept for purchases of material items in the home. If an insurance appraisal has been conducted, it can be relied upon in case there is no other documentation. However, it is preferable to present actual purchase receipts/invoices because the appraisal should be based on the nominal cost of the items.
6. Cash Gifts – It is advisable to keep written documentation of how the amount was received for the future, as proof of capital increase.
7. Forms 106 – Of both spouses for the tax year.