7,3,6,5. Reduction of irregular income

Net returns on real estate assets will be reduced by 30 per 100 when one of the following circumstances occurs:

1. When they have a generation period of more than two years, provided that they are allocated to a single tax period.

   The yields that were received in instalments before 1-1-2015 with the right to the reduction according to the regulations in force at 31-12-2014, can apply the reduction to each of the fractions that are attributed from 1-1-2015 provided that the quotient resulting from dividing the number of years corresponding to the generation period, counted from date to date , between the number of tax periods in instalments, is more than two. If the income is derived from commitments acquired before 1/1/2015 that were expected to start receiving it in instalments in tax periods that begin after that date, the conversion of the payment in instalments by a single payment allows the reduction to be applied provided that the generation period is more than two years.

2. When they are regularly qualified as obtained in a particularly irregular manner over time.

   The following are considered to be income from movable capital obtained in a particularly irregular manner over time, exclusively, when they are allocated in a single tax period (Article 15,1 of the Act):

   • Amounts obtained by the transfer or transfer of the lease agreement of business premises.

   • Compensation received from the lessee, sub-lessee or transferee for damage or damage to the property.

   • Amounts obtained by the constitution or transfer of rights of use or enjoyment of life on real estate.

    This reduction will only be applied to the amount of the net yield that does not exceed 300,000 euros.

The reduction should normally be entered without a sign. However, when the reduction affects a negative net return, it will be entered preceded by the minus sign (-).