Skip to main content
Practical Heritage Manual 2021.

13. Contract options

Regulations: Art. 23 Wealth Tax Law

This section will include contractual options whose ownership corresponds to the declarant, derived from contracts that authorize a person so that, at his discretion and within a maximum agreed time, he can decide on the perfection of a main contract (generally a purchase and sale contract). against another person who, for the moment, is bound to bear the results of said free decision of the holder of the right of option.

The contractual options are valued by the agreed special price and, in the absence of this, or if it were lower, by 5 percent of the base on which they would be settled, for the purposes of the Tax on Property Transfers and Documented Legal Acts, the contracts. on which these options fall.