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Heritage 2019

4.2.10. J) Temporary or life annuities

In this section, temporary or life annuities established as a result of the delivery of capital in money, movable or immovable property, whose ownership corresponds to the declarant, must be declared.

Assessment

Their valuation must be carried out by the result of capitalizing the annuity at 3 percent (legal interest rate of money in force on the date of accrual of this Tax), and taking from the resulting capital that part that, according to the rules established for valuing the usufructs corresponds to the age of the annuitant, if the income is for life, or to the duration of the income, if it is temporary.

When the amount of income is not quantified in monetary units, the valuation will be obtained by capitalizing the amount of 7,519.59 euros, the amount of the public multiple-effect income indicator (IPREM) for the year 2019.

Completion

A data capture window will open in which for each income you must indicate:

  • The person or paying entity in which it has been established
  • The description of its temporary or lifelong nature by selecting the corresponding key.
  • The amount of the annuity received in 2019
  • The valuation of income in accordance with the Tax rules indicated above.