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

Regulations: Art. 18 Wealth Tax Law

This section includes jewellery, luxury furs, cars, two- or three-wheeled vehicles with a cylinder capacity equal to or greater than 125 cubic centimetres, recreational or water sports boats, aeroplanes, light aircraft, sailboats and other aircraft owned by the declarant.

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

To determine the market value, the valuation tables for used vehicles applicable to the management of the Tax on Property Transfers and Documented Legal Acts, the Tax on Inheritances and Donations and the Special Tax on Certain Means of Transport may be used, included for 2023 in Order HFP /1259/2022, of December 14 ( BOE of December 20).