Temporary income

1. Immediate temporary income

   If these are immediate temporary incomes, which have not been acquired by inheritance, legacy or any other succession title, the result of applying the following percentages to each annuity will be considered income from movable capital:

   • 12% when the income has a duration of less than or equal to five years.

   • 16% when the income has a duration of more than five and less than or equal to ten years.

   • 20% when the income has a duration of more than ten and less than or equal to fifteen years.

   • 25% when the income has a duration of more than fifteen years.

2. Deferred temporary income

   When deferred temporary income is received, which has not been acquired by inheritance, legacy or any other succession title, the result of applying to each annuity the corresponding percentage of those provided above, increased by the profitability obtained up to the constitution of income.

   The profitability obtained until the income is established will be taxed in accordance with the following rules:

   • The profitability will be determined by the difference between the current financial-actuarial value of the income that is created and the amount of the premiums paid.

   • Said profitability will be distributed linearly over the years of its duration with a maximum of 10 years.

   If the income has been acquired by donation or any other legal transaction free of charge and inter vivos, the return on the movable capital will be, exclusively, the result of applying to each annuity the corresponding percentage of those indicated above.