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Practical Handbook for Companies 2021

Holdings of the taxpayer in other entities

In this sub-item reference should be made to all information relating to direct holdings of the reporting entity in other entities, of an amount at the end of the period equal to or greater than 5 per cent of the capital, or 1 per cent in the case of securities listed on an organised secondary market.For this purpose, the reporting entity shall complete the following data in the form indicated below:

1.Investee data

The data relating to the identification of the investee must be completed:"NIF" (if the entity does not have a NIF in Spain, the equivalent in the country of residence must be entered) and "Name or company name". The data relating to the residence of the entity must also be completed:"Province/country code" (see section "Notes common to sections A and B on page 2" of this chapter).

2.Data in the declarant's records

The figure for the percentage holding (to two decimal places), the total nominal value of the holding, the book value of the holding and the dividend income (relating to the holding) received in the financial year being reported must be completed.

In relation to dividend income received in the reported year, data should also be included for dividends from entities that do not meet the minimum holding at the end of the year (5 per cent or 1 per cent if listed), but which did meet the minimum holding at the time they received the dividend.

Finally, in the column "Total" (boxes [01501] to [01503]), the sum of the amounts shown in the following rows shall be entered:"Total nominal value of the holding" (box [01501]), "Book value of the holding" (box [01502]) and "Dividend income received in the financial year declared" (box [01503]).In the event that, due to the extent of the data declared (i.e. more than three investees are listed), more than one page has to be completed, these boxes will be displayed only on the last page completed for this purpose.

3.Valuation adjustments for impairment and fair value changes

This section must be completed in the case of holdings in which a percentage of more than 5 per cent of the capital has been held, or 1 per cent if the securities are listed on an organised secondary market during the financial year, and whose nominal value exceeds 100,000 euros (including in this calculation the holdings transferred during the financial year), providing the following data:

  1. Value adjustment included in profit and loss for the period.

    The amount of the variation or adjustment to the value of the holdings which, for accounting purposes, has been applied in the profit and loss account must be included with the corresponding sign:

    • En caso de disminución de valor o de deterioro de valor, con signo negativo (-).

    • En caso de reversión del deterioro, con signo positivo (+).

    • En caso de aumento de valor, con signo positivo (+).

    In the event of disposal of the holding, the amount corresponding to the application of accumulated impairment losses, with a plus (+) sign, or the amount corresponding to the application of accumulated positive corrections, with a minus (-) sign.

  2. Elimination of accounting impairment included in P and G (article 13.2 b) LIS).

    The amount of the tax adjustment corresponding to the elimination, under the terms established in article 13.2.b) of the LIS, of impairment losses on securities representing holdings in the capital or equity of entities which, for accounting purposes, have been applied in the profit and loss account, must be included with a positive sign (+).

  3. Elimination of impairment of repr. de partic.in capital or own funds (art. 15 k) LIS).

    Se deberá incluir con signo positivo (+) el importe de la corrección fiscal correspondiente a la eliminación, en los términos establecidos en el artículo 15.k) de la LIS, de las pérdidas por deterioro de los valores representativos de la participación en el capital o en los fondos propios de entidades que, en el ámbito contable, hayan sido de aplicación en la Cuenta de Pérdidas y Ganancias.

  4. Adjustment for the decrease in value caused by the fair value criterion (art. 15 l) LIS).

    The amount of the tax adjustment corresponding to decreases in value arising from the application of the fair value criterion corresponding to securities representing holdings in the capital or equity of entities referred to in article 15 l) of the LIS which, in the accounting sphere, have been applied in the profit and loss account, must be included with a positive sign (+).

  5. Effect of the valuation adjustment on the BI for the year (= a + b + c + d).

    The amount relating to the effect that the adjustments included in letters a), b), c), d) and e) above have on the taxable income (BI) for corporation tax in the corresponding financial year shall be included with the resulting sign.This amount shall be obtained from the algebraic sum of the amounts in (a), (b), (c), (d) and (e) above.

  6. Balance of tax corrections (art. 12.3 RDLeg. 4/2004) outstanding at the end of the financial year.

    Se deberá incluir el saldo de las correcciones fiscales a los deterioros y disminuciones de valor contables que estén pendientes de incorporar en la base imponible.

    Finally, in the column "Total" (boxes [01504], [01506], [01809], [01810], [01507] and [01508]), the sum of the amounts shown in each of the rows corresponding to (a), (b), (c), (d), (e) and (f) shall be entered.In the event that, due to the extent of the data declared (i.e. more than three investees are listed), more than one page has to be completed, these boxes will be displayed only on the last page completed for this purpose.

4.Additional data of the investee

Only if the investee is a foreign investee and the impairment is determined in relation to the investee's equity shall the amounts for the following data be included in addition:"Capital", "Reserves and other equity items", "Other equity items" (with (+) or (-) sign as appropriate) and "Profit/(loss) for the last financial year" (with (+) or (-) sign as appropriate).