Net worth (tax base)
Regulations: Art. 9 Wealth Tax Law
This magnitude is constituted by the algebraic difference between the amount of gross assets and all deductible debts.
Therefore:
(+) GROSS EQUITY: ASSETS AND ERDS
Real estate
Assets and rights affected by economic activities
Deposits in checking or savings accounts, demand or time deposits, financial accounts and other types of account deposits
Values representing the transfer of own capital to third parties
Values representative of the participation in the own funds 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 DEBT
= NET WORTH