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Practical Heritage Manual 2021.

Net worth (tax base)

Regulations: Art. 9 Wealth Tax Law

This amount is constituted by the algebraic difference between the amount of gross assets and the total amount of deductible debts.

Therefore:

(+) GROSS WORTH: PROPERTY AND ERDS

Real estate

Assets and rights affected by economic activities

Deposits in current or savings accounts, demand or term, financial accounts and other types of deposits in accounts

Values representing the transfer of own capital to third parties

Securities representing participation in the equity of any type of entity

Life insurances

Temporary or life annuities

Vehicles, jewelry, luxury furs, boats and aircraft

Art objects and antiques

Real rights of use and enjoyment (excluding those that, if applicable, fall on the habitual residence of the taxable person)

Administrative concessions

Intellectual and industrial property rights

Contract options

Virtual currencies

Other goods and rights of economic content

(-) DEDUCTIBLE DEBTS

= NET WORTH