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Form 100. Personal Income Tax Declaration 2021

7,2,3,5. Income derived from the transmission, amortization or reimbursement of other financial assets

Full income

Returns on movable capital are considered to be those derived from the transmission, reimbursement, amortization, exchange or conversion of any type of assets representative of the collection and use of foreign capital (obligations, bonds, bills, promissory notes, mortgage bonds, etc.).

Completion

The calculation of each performance must be carried out, individually, for each title or asset.

In these cases, the difference between the value of transmission, reimbursement, amortization, exchange or conversion of the securities and their acquisition or subscription value will be computed as full performance.

The exchange or conversion value will be taken as the value corresponding to the values received.

The accessory acquisition and disposal expenses paid by the acquirer (acquisition value) or transferor (disposal or reimbursement value) will be computed for the quantification of the performance as a higher acquisition value or lower transfer value as long as they are adequately justified.

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.

Exclusions

The returns derived from the transmission or reimbursement of Treasury Bills and the returns derived from subordinated debt securities or preferred shares will not be included in this heading, but in the specific sections.

Inclusions

In addition, the following performances will be included in this section:

  • Income derived from temporary transfer operations of financial assets with a repurchase agreement.

  • The income paid by a financial entity, as a consequence of the transmission, assignment or transfer, total or partial, of a credit owned by it.

  • Income from any drawing instrument, including those originated by commercial operations, from the moment it is endorsed or transmitted, unless the endorsement or assignment is made as payment for a credit from suppliers or suppliers.

Negative returns

Negative returns will be recorded preceded by a minus sign (-).

However, it must be taken into account that negative returns derived from transfers of financial assets, when the taxpayer had acquired homogeneous assets within the two months before or after said transfers, will be integrated as the financial assets that remain are transferred. in the taxpayer's assets.

Lucrative transfers due to death

It is estimated that there is no return on capital in lucrative transfers, due to the death of the taxpayer, of the financial assets referred to in this section. Nor is the return on negative movable capital derived from the lucrative transfer of those by "inter vivos" acts. (art. 25.6 Law).

Withholdings

Likewise, this section will indicate the withholdings made or payments on account made on the accrued income, amounts that the program transfers to box 0597.

Deductible expenses

Exclusively the expenses of administration and deposit of negotiable securities will be recorded as deductible expenses.

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

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.