4.2.12. L) Art objects and antiques

In this section, non-exempt objects of art and antiques whose ownership corresponds to the declarant must be declared by means of a brief description.

For the purposes of this Tax, the following definitions apply:

• Art objects: paintings, sculptures, drawings, engravings, lithographs or other similar works, provided that, in all cases, they are original works.

• Antiques: movable, useful or ornamental property, excluding works of art, that are more than one hundred years old and whose fundamental characteristics have not been altered by modifications or repairs carried out during the last one hundred years.

The list of art objects and antiques that do not need to be declared is explained in section “Exempt assets and rights” of this help.

Assessment

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