4. Securities representing the transfer of equity to third parties

Regulations: Articles 13 And 14 Wealth Tax Act

These include, among others, the securities of government bonds, public and private government bonds and promissory notes, and loans and credits granted to the taxpayer. Depending on whether the corresponding securities are traded on organised markets, the following valuation criteria are applicable:

• Valuation rules for securities traded on organised markets

  They must be calculated according to the average trading value of the fourth quarter of each year, regardless of their denomination, representation and the nature of the yields obtained. 

  To this end, the list of securities traded on organised markets, with their average trading value for the fourth quarter of 2021, for the purposes of the 2021 Wealth Tax return and the annual informative tax return on securities, insurance and income is included in Order HFP/115/2022, of 23 February (Official State Gazette of 25-correction of errors BOE 24 March).

• Valuation rules for securities not traded on organised markets

  Each of these securities will be valued by their nominal amount, including, where applicable, the amortisation or reimbursement premiums, regardless of their denomination, representation and the nature of the yields obtained.