Valuation rules for shares and participations in the share capital or equity of any other legal entities, traded on organized markets

Shares and participations in the capital stock or equity of any legal entities, traded on organized markets that must be declared in this section will be computed at their average trading value in the fourth quarter of each year .

For these purposes, a list of securities traded on organized markets, with their average trading value corresponding to the fourth quarter of 2019, for the purposes of the Wealth Tax declaration for the year 2019 and the annual informative declaration about securities, insurance and income is included in Order HAC/176/2020, of February 20 ( BOE of 29).

Important: when it comes to subscription of new shares not yet admitted to listing official, issued by legal entities listed on organized markets, the value of these shares will be taken as the value of the last negotiation of the old securities within the subscription period.

In cases of capital increases pending disbursement, the valuation of the shares will be carried out in accordance with the previous rules, as if they were fully paid up, including the part pending disbursement as the debt of the taxpayer.