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Form 100. Personal Income Tax Declaration 2021

7,2,3,3. Dividends and other income derived from participation in the own funds of entities

Income obtained from participation in the own funds of any type of entity will be included in this section.

The following returns, monetary or in kind, are included within this category:

  1. Dividends, meeting attendance bonuses and participation in the profits of any type of entity.

  2. Income from any class of assets, except the delivery of released shares, which, statutorily or by decision of the corporate bodies, entitles to participate in the profits, sales, operations, income or similar concepts of an entity for reasons other than the remuneration of personal work.

  3. Income derived from the constitution or transfer of rights or powers of use or enjoyment, whatever their name or nature, on the securities or shares that represent the participation in the entity's own funds.

  4. Any other profit, other than the above, from an entity due to its status as partner, shareholder, associate or participant.

  5. The distribution of the issuance premium for shares or participations and the capital reduction whose purpose is the return of contributions (art. 33.3.a) Law). In these cases, the amount obtained will reduce, until its cancellation, the acquisition value of the affected shares or participations and only the excess that, if applicable, will be taxed as income from movable capital. However, if the capital reduction comes from undistributed profits, the entire amounts received will be taxed as movable capital (section 1 of article 25.1 a), without the excess regime being applicable. For these purposes, capital reductions, whatever their purpose, will be considered to first affect the part of the share capital that does not come from undistributed profits, until their cancellation.

  6. In cases of capital reduction of variable capital investment companies (SICAV) whose purpose is the return of contributions, the amount of this or the normal market value of the assets or rights received, which will be classified as return on capital. furniture of article 25.1 a) of the Law, with the limit of the largest of the following amounts:

    • The increase in the net asset value of the shares from their acquisition or subscription until the moment of the reduction of share capital.

    • When the capital reduction comes from undistributed profits, the amount of said profits. For these purposes, capital reductions, whatever their purpose, will be considered to first affect the part of the share capital that comes from undistributed profits, until their cancellation.

    The excess over this limit will reduce the acquisition value of the affected shares until their cancellation. In turn, the excess that may result will be integrated as income from the capital from the participation in the equity of any type of entity, in the manner provided for the distribution of the share premium.

  7. The entire amount obtained from the distribution of the issue premium of shares of variable capital investment companies (SICAV) without the reduction of the acquisition value of the shares provided for in article 25.1 e) of the Law.

Completion

The following information will be recorded through a data capture window, which will normally appear in the performance certification provided by the bank depository of the titles:

Full received

The full amount received as dividends or participation in profits from any type of entity will be recorded.

If the performance has been received in kind, the market value of the goods or services received must be computed as full income. The payment on account will be added to this value, unless its amount has been passed on to the recipient of the income.

Withholdings

This section will include withholdings made or payments on account made on dividends and other participations in the profits of entities. The program transfers these amounts to box 0597.

Administration and deposit expenses of negotiable securities&(Art.;26.1.a) Law)

To determine the net income of the capital corresponding to this type of income, the administration and deposit of the shares or participations that represent the participation in the own funds of entities may be deducted exclusively, without the deduction of any other concept of income being admissible. spent.

For these purposes, administration and deposit expenses are considered to be those amounts passed on by investment services companies, credit institutions or other financial entities that, in accordance with Royal Legislative Decree 4/2015, of October 23, by which The consolidated text of the Securities Market Law is approved, whose purpose is to remunerate the benefit derived from the performance on behalf of its holders of the deposit service for securities represented in the form of securities or the administration of securities represented in book entries. .

The amounts that represent the consideration for discretionary and individualized management of investment portfolios, where there is a disposition of the investments made on behalf of the holders in accordance with the mandates conferred by them, will not be deductible.