3. Certain art objects and antiquities.

Regulations: Art. 4.Tres Wealth Tax Act

For the purposes of applying the exemption, paintings, sculptures, drawings, prints, lithographies or other similar objects are considered as objects of art, provided that they are original works in all cases.

Antiquities are also considered to be movable, useful or ornamental property, excluding objects of art, which are more than one hundred years old and whose basic original characteristics have not been altered by modifications or repairs made during the last years.

The objects of art and antiques declared exempt are as follows:

1. Those whose value is lower than the amounts indicated:

   • 90,151.82 Euros in the case of paintings and sculptures less than one hundred years old.

   • 60,101.21 Euros in the case of paintings with one hundred or more years'experience.

   • 60,101.21 Euros in the case of collections or sets of artistic, cultural and antique objects.

   • 42,070.85 Euros in the case of sculptural works, reliefs and reliefs with one or more years'experience.

   • 42,070.85 Euros in the case of collections of drawings, prints, books, documents and musical instruments.

   • 42,070.85 Euros in the case of furniture.

   • 30,050.61 Euros in the case of carpets, tapestries and historic fabrics.

   • 18,030.36 Euros in the case of drawings, prints, printed books or manuscripts and unit documents on any medium.

   • 9,015.18 Euros in the case of historic unit musical instruments.

   • 9,015.18 Euros in the case of ceramic, porcelain and glass objects.

   • 6,010.12 Euros for archaeological objects.

2. Those who have been transferred by their owners to permanent storage for a period not less than three years to non-profit museums or cultural institutions, for public display, while they are deposited.

3. The work of the artists while they remain in the author's assets.