4.3.5. Quota limit. Completion

To calculate this limit, in box 30 "Sum of personal income tax bases" a data capture window will appear, where the following information must be entered:

1. Type of taxation in personal income tax

   The type of taxation, individual or joint, will be indicated in the Personal Income Tax corresponding to the year.

2. Details of declarant

   • Net value of non-productive assets

     The value of the assets that, due to their nature or destination, are not likely to produce the income taxed by the Personal Income Tax Law will be indicated, such as, for example, unaffected vehicles, jewelry, luxury furs, etc.

     The net value is obtained by subtracting from the value of these assets the deductible debts corresponding to them, as well as the proportional part of those other debts that, while also deductible, are not linked to any asset element.

     If the value is zero, you can leave the box blank.

   • Personal income tax tax bases (boxes 0435 and 0460 of personal income tax)

     The tax bases (general and savings) of the Income Tax declaration for the 2021 financial year of the declarant will be indicated, in the case of individual taxation, or of the family unit, in the case 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 tax base of personal income tax savings, the following rules must be applied:

     1. The part of the aforementioned savings tax base that corresponds to the positive balance of the capital gains and losses obtained by transfers of assets acquired or improvements made therein more than one year prior to the date of acquisition will not be taken into account. the transmission (box 32 of the declaration)

        To determine this amount, enter:

        • The positive balance of capital gains and losses to be integrated into the tax base of the savings included in box 0424 of the personal income tax return.

        • For the purposes of making possible compensations with the positive balance of capital gains and losses to be integrated into the tax base of savings, the negative net balances of capital gains and losses from 2017 to 2020 and the negative balances of movable capital from 2017 to 2020 to be integrated into the savings tax base will reflect the sum of boxes 0436, 0439, 0440, 0441, 0442, 0443, 0444, 0445 and 0447 of the personal income tax return.

        • It will reflect the positive balance of capital gains and losses that correspond to transfers of assets acquired more than one year in advance.

     2. It will record the amount of dividends and shares in profits obtained by holding companies, regardless of the entity that distributes the profits obtained by the aforementioned holding companies.

   • Full personal income tax contributions (boxes 0545 and 0546 of personal income tax)

     The full personal income tax contributions corresponding to the tax bases (general and savings) of the taxpayer, in the case of individual taxation, or of the family unit, in the case of joint taxation, will also be indicated.

3. Spouse data

   Only in the case of joint personal income tax taxation must this section be completed, as long as the spouse is required to file a Wealth Tax return.

   The program does not contemplate the assumption that minor children who, if applicable, are part of the family unit, file a declaration for this Tax.

   • Taxable base

     The tax base resulting from the spouse's Wealth Tax declaration must be indicated (box 25).

   • Net value of non-productive assets

     The net value of the spouse's assets that, due to their nature or destination, are not likely to produce the income taxed by the Personal Income Tax Law will be indicated, such as, for example, unaffected vehicles, jewelry, luxurious skins, etc.

     The net value is obtained by subtracting from the value of these assets the deductible debts corresponding to them, as well as the proportional part of those other debts that, while also deductible, are not linked to any asset element.

     If the value is zero, you can leave the box blank.

   • Total tax liability

     The Full Fee corresponding to the spouse's Wealth Tax declaration will be entered (box 29)