7,2,3,9. Income from life insurance, deposits and financial contracts that implement long-term savings plans

1. Positive movable capital returns

   Positive returns on capital from life insurance, deposits and financial contracts through which the Long-Term Savings Plans are implemented will be exempt as long as the taxpayer does not make any disposition of the capital resulting from the Plan before the end of the year. period of 5 years from its opening.

   If, prior to the end of the 5-year period, any disposition of the resulting capital occurs or the annual contribution limit is breached, the taxpayer will be obliged to integrate the returns generated during the term of the Plan in the tax period in which it occurs. such non-compliance.

   In these cases, the credit institution or insurance company with which the taxpayer had contracted the long-term savings plan will be obliged to make withholding or payment on account.

2. Negative movable capital returns

   The negative capital gains that, if applicable, are obtained during the term of the Long-Term Savings Plan, including those that could be obtained due to the termination of the Plan, will be attributed to the tax period in which said termination occurs and only in the part of the total amount of said negative returns that exceeds the sum of the returns of the same Plan to which the exemption would have been applicable.

   The amount resulting from applying the rules set out above will be recorded.

3. The withholdings made will be transferred by the program to box 0597 of the declaration.