2. HOMOGENEOUS VALUES

Homogeneous securities or participations are considered those that meet the requirements established in article 8 of Royal Decree 439/2007, of March 30, which approves the Personal Income Tax Regulation and modifies the Regulation of Plans and pension funds.

Specifically, the set of negotiable securities originating from the same issuer, which form part of the same financial operation or respond to a unity of purpose, including the systematic obtaining of financing, and which have the same nature and transmission regime, are considered homogeneous. and attribute to their owners substantially similar content of rights and obligations.

The homogeneity of a set of values will not be affected by the possible existence of differences between them in relation to their unit amount; dates of putting into circulation, material delivery or pricing; placement procedures, including the existence of tranches or blocks intended for specific categories of investors; or any other aspects of an accessory nature. In particular, homogeneity will not be altered by the division of the issue into successive tranches or by the provision of extensions.

In general, the shares of the same entity will be homogeneous values.

For the purposes of determining the cost and age of the securities, those that are held as bare owners and those that are held in full ownership are not considered homogeneous values, since the dismemberment of the domain gives rise to the existence of two patrimonial realities. different.

Those subscribed by the same taxpayer as sole owner and those whose ownership is shared with other people are not considered homogeneous securities. As an example, shares owned 100% by the taxpayer and shares of the same entity of which he is a 50% co-owner with his spouse are not considered homogeneous securities.

Nor will shares of the same entity of which the taxpayer is joint owner with different joint owners be homogeneous values, for example, shares with the spouse at 50% and with a brother at 50%.

In the program, non-homogeneous values are distinguished within the same entity across groupings, where the percentage of ownership always appears. The taxpayer can create and modify groupings of securities. These groupings will be distinguished by the percentage and, where appropriate, the name assigned by the user.

Example: Taxpayer who owns 100% private shares of entity The program will include:

Value: Entity

Grouping 1: 100%

Grouping 2: 50%

The taxpayer may name each of these groups whatever they wish, as an example:

Entity

100% Private

50% With spouse

Important : The different operations related to the shares are captured in the groupings that within each value refer to homogeneous values. Therefore, to capture a transaction it is necessary that the value (share) and grouping (percentage of ownership) of said share have previously been created in the download of the data relating to the shares or by the taxpayer himself.