4.3.4. Full quota limit

The full amount of the Wealth Tax, together with the Personal Income Tax contributions, may not exceed, for taxpayers subject to the tax due to personal obligation, 60% of the sum of the Personal Income Tax tax bases.

For these purposes:

1. The part of the tax base of the savings derived from capital gains and losses that corresponds to the positive balance of those obtained from the transfers of assets acquired or improvements made therein more than one year prior to the transfer will not be taken into account. date of transmission, nor the part of the full installments of the Personal Income Tax corresponding to said part of the savings tax base.

   The amount of dividends and shares in profits referred to in letter a) of section 6 of the twenty-second transitional provision of the consolidated text of the Corporate Tax Law approved by the Royal Decree will be added to the savings tax base. Legislative 4/2004, of March 5.

2. The part of the Wealth Tax that corresponds to assets that, due to their nature or destination, are not likely to produce the income taxed by the Personal Income Tax Law, will not be taken into account.

3. In the event that the sum of both installments exceeds the previous limit, the Wealth Tax installment will be reduced until the indicated limit is reached, without the reduction exceeding 80%.

When the members of a family unit have opted for joint taxation of Personal Income Tax, the limit of the joint full contributions of said Tax and the Wealth Tax will be calculated by accumulating the full contributions accrued by those in the latter tax.

Where applicable, the reduction that may be applied will be prorated among the taxpayers in proportion to their respective full Wealth Tax contributions.