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Form 200. Corporate Income Tax Declaration 2019

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

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

In the key [02184] "Exemption on income obtained in the transfer of securities to non-resident entities (art. 21.3 LIS)" on page 12 of form 200, completing, where appropriate, its corresponding breakdown boxes, the amount of negative income obtained in the transfer of shares of 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.

Common note to 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. To income obtained by Spanish and European economic interest groups, and by temporary joint ventures of companies, when at least one of their partners has the status of a natural person.

  3. To income from a foreign source that the entity integrates into 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.