4.2.36 Keys 01807 and 01811 impairment losses on securities representing equity interests or equity (Article 15 k) LIS)

In relation to the non-deductibility of impairment losses on securities representing shares in the capital or equity of entities, for tax periods beginning on or after January 1, 2017, the RDL 3/2016, of December 2, by which measures are adopted in the tax field aimed at the consolidation of public finances and other urgent measures in social matters, has added article 15 k) of the LIS .

For these purposes, article 15 k) of the LIS establishes that losses due to impairment of securities representing participation in the capital or equity of entities will not be deductible when, in the tax period in which the impairment is recorded, any of the following circumstances occur:

• The requirements established in article 21 of the LIS are met, or

• That in the case of participation in the capital or equity of entities not resident in Spanish territory, the requirement established in article 21.1 b) of the LIS is not met in said tax period.

The taxpayer must include in the key [01807] of increases, completing, where applicable, the corresponding breakdown boxes, the amount of losses due to impairment of securities representing participation in the capital or equity of entities accounted for in the tax period subject to declaration, which are not deductible by application of article 15 k) of the LIS.