4.2.63 Codes 01275 and 01276 negative tax bases generated within the tax group by the transferred entity and that have been offset (Art. 62.2 LIS)

Section 2 of article 62 of the LIS establishes that the amount of negative income derived from the transfer of the participation of an entity of the tax group that ceases to be part of it will be reduced by the part of that that corresponds to negative tax bases generated within the tax group by the transferred entity and that have been offset therein.

Thus, according to the provisions of said article 62.2 of the LIS, said negative income to the extent that it corresponds to negative tax bases generated by the transferred entity during the time of membership in said tax group and that have been subject to compensation by of the tax group itself, may not be subject to integration again into the tax group, in such a way that the negative income will be reduced by the amount of those negative tax bases.

On the contrary, if as a consequence of the transfer of the participation in that entity a negative income is generated that corresponds to negative tax bases of said entity not compensated within the tax group, that negative income will be subject to integration in the tax base of the transferring entity.

Therefore, the transferring entity will record the amount of said negative income in Key [01275] of increases.