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2021 Wealth tax

4.2.12. L) Art objects and antiques

In this section, non-exempt art objects and antiques, whose ownership corresponds to the declarant, must be declared by means of a succinct description.

For the purposes of this Tax, it is understood as:

  • Art objects: paintings, sculptures, drawings, engravings, lithographs or other analogues, provided that, in all cases, they are original works.

  • Antiques: movable, useful or ornamental property, excluding objects of art, that are more than one hundred years old and whose fundamental characteristics have not been altered by modifications or repairs carried out during the last one hundred years.

The list of art objects and antiques that should not be declared is discussed in the section “ Exempt goods and rights".

Assessment

The valuation of these assets will be carried out at their market value on the date of accrual of the Tax.

Completion

Regarding each of the assets, you must record: the key corresponding to full ownership or bare ownership depending on the case and the percentage of ownership. If you have different rights over the same asset, the completion will be done by differentiating the percentage of ownership of each of them and recording the data corresponding to each one by clicking "register asset or right".

You will also complete the description and value of the asset.

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.