4.3.5. Quota limit. Completion
To calculate this limit, in box 30 "Sum of personal income tax bases" a data capture window will appear, where the following information must be entered:
- TYPE OF TAXATION IN IRPF
The type of taxation, individual or joint, will be indicated in the Personal Income Tax corresponding to the 2019 financial year.
- DECLARANT DATA
- Net value of non-productive assets
The value of the assets that, due to their nature or destination, are not likely to produce the income taxed by the Personal Income Tax Law will be indicated, such as, for example, unaffected vehicles, jewelry, furs of character. sumptuous, etc.
The net value is obtained by subtracting from the value of these assets the deductible debts corresponding to them, as well as the proportional part of those other debts that, while also deductible, are not linked to any asset element.
If the value is zero, you can leave the box blank.
- Personal income tax tax bases (boxes 0415 and 0435 of personal income tax)
The tax bases (general and savings) of the 2018 Income Tax declaration of the taxpayer will be indicated, in case of individual taxation, or of the family unit, in case of joint taxation.
If the general tax base and the savings tax base are zero, you must indicate this by marking an “X” in the specific box established for this purpose.
For the purposes of determining the amount of the tax base of personal income tax savings, the following rules must be applied:
a) will not be taken into account the part of the aforementioned savings tax base that corresponds to the positive balance of the capital gains and losses obtained by transfers of acquired assets or improvements made in the themselves with more than one
year in advance of the date of the transfer, the amount of which will be entered in box 32 on page 10 of the Wealth Tax declaration.
To determine this amount, the net balance of the capital gains and losses obtained in the year that derive from the transfer of assets acquired more than one year before the date of transfer must be calculated, first of all.
If the previous balance was negative or zero, zero will be entered in box 32. If the balance is positive, the positive net balance of the capital gains and losses attributable to 2018 to be included in the savings tax base must be taken into consideration (box 0406 on page 14 of the personal income tax return), and, if applicable , the compensation of the following balances - Negative net balance of capital gains and losses attributable to 2018 to be integrated into the savings tax base (with the limit of 20 percent positive net balance of capital gains and losses attributable to 2019) [box 0416]
- Negative net balances of capital gains and losses that do not arise from the transfer of securities received for subordinated debt or preferred equity transactions, from 2013 to 2014 pending compensation as of January 1, 2018, to be included in the savings tax base [box 0417]
- Negative net balances of capital gains and losses derived from the transfer of securities received for subordinated debt or preferred equity transactions, from 2013 to 2014 pending compensation as of January 1, 2018, to be included in the savings tax base [box 0418]
- Negative net balances of capital gains and losses for 2015, pending compensation as of January 1, 2018, to be integrated into the savings tax base [box 0419]
- Negative net balances of capital gains and losses for 2016, pending compensation as of January 1, 2018, to be integrated into the savings tax base [box 0420]
- Remaining negative net balances of capital gains derived from subordinated debt securities or preferred shares, from 2013 to 2014 pending compensation as of January 1, 2018, to be included in the savings tax base [box 0421)
- Remaining negative net balances of income from movable capital from 2015, pending compensation as of January 1, 2019, to be integrated into the savings tax base, with a limit of 20 percent of the positive net balance of capital gains and losses attributable to 2018 [box 0422)
- Remaining negative net balances of capital gains from 2016, pending compensation as of January 1, 2019, to be integrated into the savings tax base, with a limit of 20 percent of the positive net balance of capital gains and losses attributable to 2018 [box 0423].
If the difference between the amount in box 0384 and the sum of boxes 0416, 0417, 0418, 0419, 0420, 0421, 0422 and 0423 is equal to zero, in box 032 of the Wealth Tax declaration zero will be recorded.
-
If the difference between the amount in box 0406 and the sum of boxes 0416, 0417, 0418, 0419, 0420, 0421, 0422 and 0423 is positive, and the balance of the capital gains and losses derived from the transfer of assets acquired more than one year before the date of transfer (G and P>1) were equal to or greater than the amount entered in box 0406 of the Personal Income Tax declaration, in box 32 of the Personal Income Tax declaration The Asset will be recorded as the difference between the amounts entered in boxes 0406 and the sum of boxes 0416, 0417, 0418, 0419, 0420, 0421,0 422 and 0423 of the personal income tax return.
If the difference between the amounts in box 0406 and the sum of boxes 0416, 0417, 0418, 0419, 0420, 0421, 0422 and 0423 is positive, and the balance of the capital gains and losses derived from the transfer of assets acquired more than one year before the date of transfer (G and P>1) were less than the amount entered in box 0406 of the personal income tax return, in box 32 of the Wealth Tax return The amount resulting from the following operation will be recorded.
-
b) will be added to the amount of dividends and shares in profits obtained by holding companies, regardless of the entity that distributes the profits obtained by the aforementioned holding companies.
- Full personal income tax contributions (boxes 0514 and 0515 of personal income tax)
The full personal income tax contributions corresponding to the tax bases (general and savings) of the taxpayer, in the case of individual taxation, or of the family unit, in the case of joint taxation, will also be indicated.
- Net value of non-productive assets
- SPOUSE'S DATA (Wealth Tax)
Only in the case of joint personal income tax taxation must this section be completed, as long as the spouse is required to file a Wealth Tax return.
The program does not contemplate the assumption that minor children who, if applicable, are part of the family unit, file a declaration for this Tax.
- Taxable base
The tax base resulting from the spouse's Wealth Tax declaration must be indicated (box 25 )
- Net value of non-productive assets
The net value of the spouse's assets that, due to their nature or destination, are not likely to produce the income taxed by the Personal Income Tax Law will be indicated, such as, for example, unaffected vehicles, jewelry, luxurious skins, etc.
The net value is obtained by subtracting from the value of these assets the deductible debts corresponding to them, as well as the proportional part of those other debts that, while also deductible, are not linked to any asset element.
If the value is zero, you can leave the box blank.
- Total tax liability
The Full Fee corresponding to the spouse's Wealth Tax declaration will be entered (box 29 )
- Taxable base
JOINT TAXATION IN THE IRPF
When the members of a family unit have opted for joint taxation of the Personal Income Tax, the program will calculate the limit of the joint full quota of said Tax and the Wealth Tax by accumulating the full quotas accrued by those in this last tribute.
Where applicable, the reduction that may be applied will be prorated among the taxpayers in proportion to their respective full Wealth Tax contributions.