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Practical Heritage Manual 2022.

8. Vehicles, jewelry, luxury furs, boats and aircraft

Regulations: Art. 18 Wealth Tax Law

This section includes jewelry, luxury leathers, automobiles, two- or three-wheeled vehicles whose cylinder capacity is equal to or greater than 125 cubic centimeters, recreational or water sports boats, airplanes, light aircraft, sailboats and other aircraft whose ownership corresponds to the declarant.

The valuation of these assets will be carried out at their market value on the date of accrual of Tax (December 31).

To determine the market value, the valuation tables for used vehicles applicable in the management of the Tax on Property Transfers and Documented Legal Acts, Tax on Inheritance and Donations and Special Tax on Certain Means of Transport, included for 2022 in the HFP Order, may be used. /1442/2021, of December 20 ( BOE of December 24).