4.2.8. H) Exempt securities representing participation in the equity of legal entities

H1) EXEMPT SHARES AND PARTICIPATIONS IN THE SHARE CAPITAL OR IN OWN FUNDS OF LEGAL ENTITIES, TRADED ON ORGANIZED MARKETS (art. 4.8.2 Law 19/91; (RD 1704/99)

You must record in this space the shares in entities traded on organised markets, to the extent that they meet the conditions to benefit from the exemption provided for in the Tax Law.

For these purposes, full ownership, bare ownership and the right of life usufruct over shares in entities will be exempt.

The taxpayer must indicate the portion of the value of the shares that is exempt according to the tax rules.

The portion of the value of the shares that is not exempt, if applicable, must be included in the section corresponding to non-exempt shares and interests.

H2) EXEMPT SHARES AND PARTICIPATIONS IN THE SHARE CAPITAL OR IN OWN FUNDS OF LEGAL ENTITIES NOT TRADED ON ORGANIZED MARKETS, AND EXEMPT SHARES IN THE SHARE CAPITAL OF COOPERATIVES (art. 4.8.2 Law 19/91; (RD 1704/99)

In this space you must record the shares in entities not traded on organised markets, the ownership of which corresponds directly to the taxpayer, to the extent that they meet the conditions and requirements to benefit from the exemption provided for in the Tax Law.

For these purposes, full ownership, bare ownership and the right of life usufruct over shares in entities will be exempt.

The taxpayer must indicate the portion of the value of the shares that is exempt according to the tax rules.

The portion of the value of the shares that is not exempt, if applicable, must be included in the section corresponding to non-exempt shares and interests.