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 discussed in section “ Exempt assets and rights”.

Assessment

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

Completion

For each of the assets you must record: the key corresponding to full ownership or bare ownership, as the case may be, and the percentage of ownership. If you have different rights over the same property, the completion will be done by differentiating the percentage of ownership of each of them and recording the data corresponding to each one by clicking on "add property or right".

In addition, the description and value of the property will be completed.

If you have to relate more elements than those contemplated in the program, you can declare them cumulatively in the last box. In this case you will only have to fill in the data relating to the description and the valuation.