8.2.8 Special reinvestment plans
When it is proven that, due to its technical characteristics, the investment or its entry into operation must necessarily be carried out within a period longer than that indicated above, taxpayers may present special reinvestment plans.
The requirements for applications for these special plans and the procedure for their authorization are those established in articles 39 and 40 of the old Tax Regulations, approved by Royal Decree 1777/2004, of July 30.
Important:
As established in the seventh section of the twenty-fourth transitional provision of the LIS , the limit established in article 39 of the LIS will also apply to the deduction for reinvestment of extraordinary profits regulated in article 42 of RDLeg . 4/2004 according to current wording in tax periods beginning before January 1, 2015, said deduction being computed for the purposes of calculating the aforementioned limit.
In the case of entities that have deductions for internal double taxation pending to be applied from the application of article 30 of RDLeg. 4/2004, according to current wording in tax periods that began prior to January 1, 2015, the limit established in the last paragraph of article 39.1 of the LIS will be applied to the full tax reduced in deductions to avoid internal and international double taxation and applied bonuses.