4.3.5. Payment limit. Completion
To calculate this limit, in box 30 "Sum of the taxable income tax bases" a data capture window will appear, where the following information must be entered:
- Type OF TAXATION IN PERSONAL INCOME TAX
The individual or joint type of tax will be indicated in the Personal Income Tax corresponding to the 2019 financial year.
- Tax RETURN DETAILS
- Net value of unproductive assets
The value of the assets that, due to their nature or destination, are not liable to produce the returns taxed by the Act will be indicated personal Income Tax, such as non-affected vehicles, jewellery, sunshades, etc.
The net value is obtained by subtracting the deductible debts corresponding to the value of these assets, as well as the proportional part of those other debts that, being also deductible, are not linked to any equity element.
If the value is zero, you can leave the box blank.
- Taxable income tax bases (boxes 0415 and 0435 of the Personal Income Tax)
The taxable bases (general and savings) of the 2018 Income Tax return of the declarant, in the event of individual taxation, or of the family unit, will be indicated in the event 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 taxable income base for the savings of Personal Income Tax, the following rules must be applied:
A) The part of the aforementioned taxable base of the savings corresponding to the positive balance of capital gains and losses obtained by transfers of acquired assets or improvements made to them will not be taken into account with more than one
Year before the date of transfer, the amount of which will be entered in box 32 of page 10 of the Wealth Tax return.
To determine this amount, the net balance of capital gains and losses obtained in the financial year resulting from the transfer of capital assets acquired more than one year before the date of the transfer must be calculated first.
If the previous balance is negative or zero, zero will be entered in box 32. If the balance is positive, the net positive balance of the capital gains and losses attributable to 2018 to be included in the tax base for saving (box 0406 of page 14 of the Personal Income Tax return), and, where applicable, the compensation of following balances-Negative net balance of capital gains attributable to 2018 to be included in the savings tax base (with the limit of 20 for 100 net positive balance of capital gains and losses attributable to 2019) [box 0416]
- Net negative balances of capital gains and losses that do not derive from the transfer of securities received through subordinated debt or equity transactions preferred, from 2013 to 2014 pending compensation at 1 January 2018, to be included in the savings tax base [box 0417]
- Net negative balance of capital gains and losses derived from the transfer of securities received through subordinated debt transactions or preference shares, from 2013 to 2014 pending compensation at 1 January 2018, to be included in the savings tax base [0418]
- Net negative balance of capital gains and losses of 2015, pending compensation at 1 January 2018, to be included in the savings tax base [box 0419]
- Net negative balance of capital gains and losses of 2016, pending compensation at 1 January 2018, to be included in the savings tax base [box 0420]
- Other net negative balances of movable capital gains derived from subordinated debt securities or preference shares, from 2013 to 2014 outstanding at 1 January 2018, to be included in the savings tax base [box 0421)
- Other net negative balances of 2015 capital gains, pending compensation at 1 January 2019, to be included in the tax base of the savings, with the limit of 20% of the net positive balance of the capital gains and losses attributable to 100 [box 2018) 0422
- Other net negative balances of 2016 capital gains, pending compensation at 1 January 2019, to be included in the tax base of the savings, with the limit of 20% of the net positive balance of the capital gains and losses attributable to 100 [box 2018). 0423
If the difference between the amount in box 0384 and the sum of boxes 0416, 0417, 0418, 0419, 0420, 0421 and 0422 is equal to zero, in box 0423 of the Wealth Tax return, zero will be entered. 032
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If the difference between the amount in box 0406 and the amount in boxes 0416, 0417, 0418, 0419, 0420 , 0421, 0422 and 0423 is positive, and the balance of capital gains and losses derived from the transfer of capital assets acquired with more one year before the date of transmission (G and P > 1) was equal to or greater than the amount entered in the box 0406 of the Personal Income Tax return, in box 32 of the Wealth Tax return, the difference between the amounts recorded in boxes 0406 and those of the sum of boxes 0416, 0417, 0418, 0419, 0420, 0421.0 and 422 of the Personal Income Tax return. 0423
If the difference between the amounts in box 0406 and those of the sum of boxes 0416, 0417, 0418, 0419, 0420 , 0421, 0422 and 0423 is positive, and the balance of capital gains and losses derived from the transfer of capital assets acquired with more one year before the date of transmission (G and P > 1) was less than the amount stated in box 0406 of the Personal Income Tax return, in box 32 of the Wealth Tax return, will be entered as the amount resulting from the following operation.
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B) The amount of dividends and shares in profits obtained by equity companies, regardless of the entity that distributes the profits obtained by the aforementioned equity companies, will be added.
- Full personal income tax payments (boxes 0514 and 0515 of the Personal Income Tax)
The full personal income tax payments corresponding to the taxpayer's taxable income (general and savings), in the event of individual taxation, or the family unit, in the event of joint taxation, will also be indicated.
- Net value of unproductive assets
- Details OF THE CODE (Wealth Tax)
Only in the event of joint taxation of Personal Income Tax must this section be completed, provided that the spouse is obliged to file a Wealth Tax return.
The programme does not cover the case of children who, if applicable, form part of the family unit making a tax return.
- Taxable base
The taxable amount resulting from the declaration of the Wealth Tax of the spouse must be indicated (box 25)
- Net value of unproductive assets
The net value of the assets of the spouse that, due to their nature or destination, are not liable to produce the taxable income will be indicated under the Personal Income Tax Act, such as non-affected vehicles, jewellery, luxury skins, etc.
The net value is obtained by subtracting the deductible debts corresponding to the value of these assets, as well as the proportional part of those other debts that, being also deductible, are not linked to any equity element.
If the value is zero, you can leave the box blank.
- Total tax liability
The Full Tax corresponding to the spouse's Wealth Tax return (box 29) will be entered
- Taxable base
Joint TAXATION IN PERSONAL INCOME TAX
When the members of a family unit have chosen joint taxation in Personal Income Tax, the program will calculate the limit of the joint total tax payment of this tax and that of Wealth Tax, accumulating the full payments accrued by those taxpayers.
Where applicable, the reduction that must be applied will be prorated among the taxpayers in proportion to their respective full share in the Wealth Tax.