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Practical Heritage Manual 2020.

5. Economic rights

Regulations: Art. 4.Five Wealth Tax Law

Rights of economic content in the following instruments are considered exempt:

  • The consolidated rights of the participants and the economic rights of the beneficiaries in a pension plan.
  • The rights of economic content that correspond to premiums paid to the insured pension plans defined in article 51.3 of the Personal Income Tax Law
  • The rights of economic content that correspond to contributions made by the taxpayer to the corporate social security plans regulated in article 51.4 of the Personal Income Tax Law
  • The rights of economic content derived from the premiums paid by the taxpayer to the collective insurance contracts, other than the corporate social security plans, that implement the pension commitments assumed by the companies, in the terms provided for in the first Additional Provision of the consolidated text of the Law for the Regulation of Pension Plans and Funds, and in its implementing regulations, as well as those derived from the premiums paid by employers to the aforementioned collective insurance contracts.
  • The rights of economic content that correspond to premiums paid to private insurance that covers dependency defined in article 51.5 of the Personal Income Tax Law