4.2.13 Codes 00309 and 00310 other assumptions of freedom of amortization (Article 12.3 a) and d) LIS)

In letters a) and d), respectively, of section 3 of article 12 of the LIS freedom of amortization is established for:

• Tangible and intangible assets and real estate investments of Spanish public limited employee-owned companies and Spanish limited employee-owned companies held for use in the performance of their activities, acquired in the first five years after the date of their classification as such.

• Tangible and intangible assets of entities classified as priority association operations in accordance with Act 19/1995 of 4 July on modernisation of farming operations, acquired during the first five years from the date of their recognition as a priority operation.

In any case, and when the freedom of amortization regulated in letters a) and d) of section 3 of article 12 of the LIS is applied or has been applied:

In key [00310] (decreases) and, where applicable, in its corresponding breakdown boxes, the excess amortization that, over the accounting amortization related to any of the elements or investments referred to, is tax deductible in the tax period subject to declaration will be recorded.

In key [00309] (increases) and, where applicable, in its corresponding breakdown boxes, the amount of amortizations (relating to any of the elements or investments referred to) recorded in the tax period subject to declaration and which, by application of the aforementioned tax regulations, had already been deducted in previous tax periods through the corresponding decrease or negative adjustment to the accounting result will be recorded. Likewise, in the event of the transfer of an item that has benefited from free depreciation, in the tax period in which it is transferred, the amount of negative adjustments made previously and that have not yet been positively integrated into the tax base must be included in this key.