4.2.16. P) Contractual options

In this section, the contractual options whose ownership corresponds to the declarant must be declared, derived from contracts that authorize a person to, at his discretion and within the agreed term or period, decide on the perfection of a main contract (generally a sale contract) with another person who, for the moment, is bound to bear the results of said free decision of the holder of the right of option.

Assessment

Contractual options are valued, in accordance with the provisions of the Tax on Property Transfers and Documented Legal Acts, at the agreed special price and, in the absence of this, or if it is lower, at 5% of the base on which the contracts on which said options apply would be settled, for the purposes of said Tax.