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Form 200. Corporate Income Tax Declaration 2019

4.2.50 Codes 02184 and 02185 exemption on income obtained from the transfer of securities by non-resident entities (Article 21.3 LIS)

As regards the income obtained from the transfer of shares in non-resident entities, the amount of positive income obtained from said transfer that is exempt by complying with the requirements of article 21.3 of the LIS must be included in key [02185] "Exemption on income obtained from the transfer of securities by non-resident entities (art. 21.3 LIS )" on page 12 of form 200, completing, where applicable, the corresponding breakdown boxes.

In key [02184] “Exemption on income obtained from the transfer of securities by non-resident entities (art. 21.3 LIS)” on page 12 of form 200, filling in, where applicable, the corresponding breakdown boxes, the amount of negative income obtained from the transfer of shares in non-resident entities that are not included in the tax base because they meet the requirements of article 21.3 of the LIS or because they do not meet the requirement of letter b) of article 21.1 of the LIS must be included.

Common note on the exemptions of article 21.3 of the LIS

The exemption provided for in article 21.3 of the LIS will not apply:

  1. To the income distributed by the public regulation fund of the mortgage market.

  2. Income obtained by Spanish and European economic interest groups and by temporary business associations, when at least one of their partners is a natural person.

  3. To income from foreign sources that the entity includes in its tax base and in relation to which it chooses to apply, if applicable, the deduction established in articles 31 or 32 of this Law.