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Form 100. Personal Income Tax Return 2019

8.2.6.2.4.4. Transfer value: affected elements

The following concepts appear through a data capture window:

  • Transportation by taxi: Transfer of intangible fixed assets

    The box provided for this purpose will be checked when the gain or loss arises from the transfer of intangible fixed assets (taxi license) made by a taxpayer who carries out the activity of taxi transport, classified under section 721.2 of the IAE, who determines his net income by the objective estimation regime and is entitled to the special transitional regime of reduction of the capital gain produced.

  • Transfer amount 

As a general rule, the actual amount for which the sale was made will be recorded.

The actual amount of the sale value will be taken as the amount actually paid, provided that it is not less than the normal market value, in which case the latter will prevail.

When the transfer has been for profit (inheritance or donation), the actual amount will be taken as the amount resulting from the application of the rules of the Inheritance and Gift Tax.

  • Transmission costs 

    The expenses and taxes inherent to the transfer will be recorded as soon as they are paid by the transferor.

  • Forward transactions (art. 14.2.d) Law)

    Transactions with deferred payment are considered to be those whose price is received, in whole or in part, through successive payments, provided that the period between delivery or availability and the expiration of the last installment is greater than one year.

    In the case of installment or deferred price transactions, the taxpayer may choose to proportionally allocate the income obtained from such transactions, as the corresponding payments become due.

    If the transaction is an installment or deferred payment transaction, the box provided for this purpose will be checked and the portion of the transfer amount collected in 2018 will be indicated, unless the decision is made to allocate the entire capital gain or loss at the time of the transfer.

    If the transaction was made in cash, these boxes must be left blank.

  • Repurchase operations of the transferred item

    This box will be checked if the transfer gives rise to a loss and the transferred assets have been reacquired within the terms and conditions provided for in article 33.5, letters e), f) and g) of the Tax Law, since the capital loss should not be computed until the subsequent definitive transfer of the reacquired assets takes place. The loss must be declared and quantified in the declaration for the year in which it was generated, even if it is not included for liquidation purposes.