4.2.8. H) Securities exempt from participation in the equity of legal entities
H1) SHARES AND PARTICIPATIONS EXEMPT IN THE CAPITAL OF THE COMPANY OR IN NEGOTIATION OF LEGAL ENTITIES, IN ORGANIZED MARKETS (article 4,8,2 of Act 19/91; Royal Decree 1704/99)
It must state in this space the shares in entities traded on organised markets, insofar as they meet the conditions to benefit from the exemption provided for in the Tax Act.
For these purposes, full ownership, bare ownership and the right of usufruct life will be exempt from the ownership of the holdings in entities.
The taxpayer must state the part of the value of the exempt shares in accordance with the tax rules.
The share of the value of the shares that are not exempt, if any, must be included in the heading corresponding to non-exempt shares and holdings.
H2) SHARES AND PARTICIPATIONS EXEMPT IN THE CAPITAL OF THE COMPANY OR IN NEGOTIATED FUNDS OF NON-CITED LEGAL ENTITIES in ORGANISED MARKETS, AND PARTICIPATIONS EXEMPT IN THE CAPITAL OF COOPERATIVES (article 4,8,2 of Act 19/91; Royal Decree 1704/99)
It must state in this space the holdings in entities not traded on organised markets, which are directly owned by the taxpayer, insofar as they meet the conditions and requirements to benefit from the exemption provided for in the Tax Act.
For these purposes, full ownership, bare ownership and the right of usufruct life will be exempt from the ownership of the holdings in entities.
The taxpayer must state the part of the value of the exempt shares in accordance with the tax rules.
The share of the value of the shares that are not exempt, if any, must be included in the heading corresponding to non-exempt shares and holdings.