3. Calculation of the applicable reduction in accordance with the ninth transitional provision of the Personal Income Tax Law

Once the portion of the capital gain generated prior to January 20, 2006 has been determined, its amount will be reduced, where appropriate, in accordance with the steps described below:

1. 3.1. Period of permanence of the asset element in the taxpayer's assets prior to December 31, 1996.
2. 3.2. Calculation of the value of all transfers made from January 1, 2015 for the limit of 400,000 euros
3. 3.3. Application of the corresponding reduction or abatement coefficients