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2021 Wealth tax

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, in general, by the result of capitalizing the annuity at 3% (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 to value usufructs correspond 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 7,905.60 euros, the amount of the public multiple-effect income indicator (IPREM) for the year 2021.

As an exception, when the income received comes from life insurance, it must be computed at the value established in the valuation rule provided for life insurance in the recipient's tax base.

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 the year.

  • The valuation of the income in accordance with the Tax rules indicated above and the key corresponding to the valuation used.

If you have to list more elements than those contemplated in the program, you can declare them cumulatively in the last box. In this case you will only have to fill in the data related to the description and the rating.