4. Values representing the transfer of own capital to third parties

Regulations: Articles 13 and 14 Wealth Tax Law

These include, among others, securities such as Public Debt, both of the State and of the Autonomous Communities, Treasury Bills, bonds, certificates and promissory notes, public and private, and loans and credits granted whose ownership corresponds to the taxpayer. Depending on whether the corresponding securities are traded on organised markets or not, the following valuation criteria apply:

• Valuation rules for securities traded on organised markets

  They must be computed according to the average trading value of the fourth quarter of each year , regardless of their name, representation and the nature of the returns obtained. 

  For these purposes, the list of securities traded on organised markets, with their average trading value corresponding to the fourth quarter of 2021, for the purposes of the 2021 Wealth Tax return and the annual information return on securities, insurance and income is included in Order HFP /115/2022, of 23 February ( BOE of the 25th - correction of errors in the BOE, March 24).

• Valuation rules for securities not traded on organised markets

  The valuation of each of these securities will be carried out at its nominal value, including, where applicable, amortization or reimbursement premiums , regardless of their name, representation and the nature of the returns obtained.