7.5.1.4. Completion
You must complete the following sections:
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NIF of the entity
The taxpayer shall enter the tax identification number (NIF) of the entity under the income attribution regime whose attributed income must be included in this section and of which the taxpayer is a partner, co-owner or participant.
Non-resident entities that do not have a NIF must enter in box 1562 the identification number assigned to said entities in the country of residence, and mark box 1563 with an “X” to indicate this circumstance.
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Percentage of taxpayer participation in the entity
This box will indicate, expressed with two decimal places, the percentage of participation that the partner, participant or commoner has in the entity under an income attribution regime.
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Attributable income
The net attributed income will be recorded in the corresponding boxes depending on the source from which it comes: returns on movable capital, differentiating between those to be included in the general tax base or savings base, returns on real estate capital, returns on economic activities and capital gains and losses, also distinguishing within the latter between those that derive or not from the transfer of a capital asset.
The entity will not apply the reductions on net income provided for in the Personal Income Tax regulations when calculating the income obtained. The individual members of the entity who are Personal Income Tax payers will be the ones to apply the reductions in their tax return.
Income corresponding to the special regime of imputation of real estate income must be declared in section C of the declaration "List of real estate and income derived from real estate at the disposal of its owners, leased or transferred to third parties, or related to economic activities"
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Income from movable capital to be included in the general tax base:
You must provide the net income attributed and, where applicable, the amount of the reductions and the reductions to which the taxpayer is entitled.
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Income from movable capital to be included in the taxable savings base:
You must provide the following information:
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You must record all income from movable capital without including the income indicated in the following section.
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You must distinguish between returns on movable capital derived from subordinated debt or preferred shares (differentiating between positive and negative returns) and those that do not derive from this type of product.
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Income from real estate capital (properties leased or transferred to third parties)
You must record the net income attributed by the entity in the attribution of income and, where applicable, the reductions (r 60% reduction art.23.2 reduction art. 23.3 ) and reductions to which the taxpayer is entitled.
When the purchaser, assignee, lessee or sub-lessee of the real estate or the real right that falls on it, is the spouse or a relative of the taxpayer, including in-laws, up to the third degree inclusive (parents-children; grandparents-grandchildren; siblings; uncles-nephews), and the net attributed income less any reductions and allowances applicable, if applicable, is less than the minimum computable income in case of kinship you must indicate in the section of the window referring to "Net attributed income" the minimum income in case of kinship and not include any data in "Reductions and Allowances".
You must also list the properties leased or transferred to third parties, indicating the following data for each of them:
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Ownership : The percentage of ownership of the property as a result of participation in the entity will be reflected.
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Nature : It will be indicated whether the property has a rural or urban nature.
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Number of days in which the properties were rented or transferred to third parties.
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Current balance: The code that corresponds to the location of the property will be selected from those that appear in the drop-down menu in the window.
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Cadastral reference: This section will contain the cadastral reference of the property that appears on the corresponding Property Tax receipt.
By clicking on the icon "More info" located after box 1575, a window will open displaying the list of all real estate properties leased or transferred to third parties by entities under the income attribution regime of which you are a partner, heir, co-owner or participant.
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Earnings from economic activities
You must tick the corresponding box if you choose, for the purposes of the temporary allocation of income, to apply the collection and payment criterion, instead of the accrual criterion.
You must choose the regime for determining net income, record the attributed net income and, if applicable, the deductible provisions and expenses that are difficult to justify (only if the income is determined by simplified direct estimation), the amount of the reductions ( art. 31.1 , art. 32.2.3 and art. 32.3) and the reductions to which the taxpayer is entitled. The expenses of each of the commoners, partners or participants that, because their payment has not been agreed to be charged to the entity under an income attribution regime, are paid by each of them will be deductible for them, provided that there is a due correlation with the obtaining of the income. The deductibility of these expenses will be carried out by the commoner, partner or participant who has paid them by reducing the income attributed to him by the entity. In the case of receiving income from different activities determined by the simplified direct estimation method, he must regroup the income in two different boxes, on the one hand all the activities with a positive income, and on the other all those with a negative income.
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Capital gains and losses attributable to the financial year: You must indicate in the corresponding boxes the capital gains and/or losses attributed by the entity, distinguishing between those that derive or not from the transfer of a capital asset.
We will first distinguish between capital gains and losses that do not arise from the transfer of any asset.
Next, the capital gains attributed by the entity that derive from the transfer of assets will be recorded.
If you wish to apply Transitional Provision of the Tax Law (reduction coefficients) to calculate the amount subject to taxation of any capital gain, you will indicate the accumulated value of the transfers to which you applied said provision in the years 2015 to 2022.
In the following section, and in the event that the amount of any transfer is intended to establish a life annuity , you must enter the requested data in the data capture window.
When you have reinvested in life annuities the total or partial amount obtained from one or all of the transfers made in the year, clicking on the icon "More info" will open a window in which the information regarding the exemption for reinvestment in life annuities corresponding to the gains to which it has been applied will be displayed.
If the transfer is of an urban property acquired between May 12 and December 31, 2012, the capital gain obtained will be 50% exempt.
If the amount of the gain is exempt due to reinvestment in newly or recently created entities you must enter the data in the corresponding capture window.
When you have reinvested in shares or interests in newly or recently created companies the total or partial amount obtained from one or all of the transfers made in the year, clicking on the icon "More info" will open a window in which the information regarding the reinvestment exemption corresponding to the profits to which it has been applied will be displayed.
If the Ninth Transitional Provision is applicable to the capital gain obtained, that is, if the transferred asset was acquired before December 31, 1994, the transfer value of said asset, the portion of the gain to which the reduction is applicable and the amount thereof shall be recorded.
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Withholdings and income on account attributed
The withholdings and payments on account attributed will be recorded and the program will transfer the amount to boxes to 0600 of the declaration.