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

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

You must enter in this space the shares in entities traded on organized 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 lifelong usufruct over participations in entities will be exempt.

The taxpayer must record the part of the value of the shares that are exempt in accordance with the Tax rules.

The part of the value of the shares that, if applicable, are not exempt, must be included in the heading corresponding to non-exempt shares and participations.

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

You must enter in this space the shares in entities not traded on organized markets, whose ownership 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 lifelong usufruct over participations in entities will be exempt.

The taxpayer must record the part of the value of the shares that are exempt in accordance with the Tax rules.

The part of the value of the shares that, if applicable, are not exempt, must be included in the heading corresponding to non-exempt shares and participations.