4.2.2. B) Rural property
In this section, the assets of a rural nature must be declared, the ownership of which corresponds to the declarant.
Valuation RULES
Rural real estate will be counted using the highest value of the following three as a reference:
- Cadastral value recorded in the bill corresponding to the year 2018 of the Property Tax.
- Value verified by the Administration for the purposes of other taxes.
- Price, consideration or acquisition value that will be the result of adding the cost of investments and improvements to the actual acquisition amount, as well as the expenses and taxes inherent to the acquisition, excluding interest, which have been paid by the acquirer.
Bare ownership right
The value of the bare ownership right will be calculated by the difference between the total value of the asset and the value of the usufruct that has been constituted on it.
If the real right to the good is a usufruct life, which in turn temporary, the bare ownership will be valued, applying the usufruct valuation rules, which assign less value to the bare ownership.
To determine the value of the usufruct constituted on the asset, the valuation rules contained in section "M. Real rights of use and enjoyment. "
Completion
In the column "Password", the ownership of the asset will be indicated in the following detail:
If the right held does not entail the partial ownership of the asset, it must be declared in section "M. Real rights of use and enjoyment. "
In the "Situation" column, you must select the one corresponding to the situation of the property from the following codes:
In the column "Property Tax Reference", the one in the receipt of the Property Tax will be recorded.
The details of your situation must also be entered for each property: Municipality and province.
In the column "Value", the value of the property resulting from applying the valuation rules set out above will be indicated.