4.2.5. E) Deposits in bank accounts

This section will include deposits in current or savings accounts, at sight or at term, that are not on behalf of third parties, as well as treasury management accounts and financial accounts and any other type of account deposit, the ownership of which corresponds, individually or jointly, to the taxpayer.

In the event that there are several account holders, the amount will be allocated equally to each of them, unless a different share of participation is justified.

Rules of assessment

The valuation will be carried out based on the balance of each of them on the date of the accrual of the Tax, that is, December 31, unless the former is lower than the average balance corresponding to the last quarter of the year, in which case the latter will be applied.

For the calculation of said average balance, funds withdrawn for the acquisition of assets and rights that appear in the assets or for the cancellation or reduction of debts will not be taken into account.

When the amount of a debt originating from a loan or credit has been credited in the last quarter of the year to one of these accounts, it will not be computed to determine the average balance and will not be deducted as such debt.

Completion

For each of the accounts, deposits or contributions, the Deposit Entity in which they are located on the date of accrual of the Tax (December 31) will be stated, as well as the account or deposit number.