Practical case

Mr. APG has obtained the following income in the year 2025:

• Reduced net labor output: 50,000
• Reduced net performance of economic activity: –5.000
• Imputation of real estate income: 300
• Capital gains to be included in the general tax base: 4.500
• Capital loss to be included in the general tax base: 9.600
• Negative return on movable capital to be included in the taxable savings base: –800
• Capital gains to be included in the taxable savings base: 5.600
• Capital loss to be included in the taxable savings base: 1,600

Likewise, the taxpayer has pending compensation for the following items from the years indicated:

• Net negative balance of capital gains and losses not derived from the transfer of assets corresponding to 2021: 600
• Negative net balance of capital gains and losses arising from the transfer of assets corresponding to 2021: 700
• Negative returns on movable capital pending offset from 2021 in the savings tax base: 500
• Net negative balance of capital gains and losses derived from the transfer of assets corresponding to 2022: 2,100

Carry out the integration and compensation of said income in the declaration for the 2025 fiscal year.

Solution:

1. Integration and compensation of income in the general tax base:

1. Income and imputations for the year 2025:

   • Job: 50,000
   • Economic activity: -5.000
   • Imputation of real estate income: 300
   • Net balance (50,000 – 5,000 + 300) = 45,300

2. Capital gains and losses for the 2025 financial year to be included in the general tax base:

   • Profits: 4.500
   • Losses: 9.600
   • Negative net balance of profits and losses for the year 2025 (4,500 - 9,600) = –5,100

3. Offsetting the negative balance of capital losses and gains from the 2025 financial year:

   Offsetting the negative net balance for 2025: 5.100

4. Offsetting negative items from previous years:

   Compensation for negative net balance losses 2021: 600

5. Total compensations (5,100 + 600) ⁽¹⁾ = 5,700

   The maximum amount of compensation for net negative balances of capital gains and losses from 2021 and 2025 is 25 percent of the positive balance of income and imputed income before such compensation. In this case 11,325 euros (25 per 100 s/45,300). Therefore, the entire outstanding amount (5,700 euros) can be offset.

6. General tax base (45,300 – 5,700) = 39,600

2. Integration and compensation of income in the savings base:

1. Capital gains and losses for the 2025 financial year to be included in the savings tax base:

   • Profits: 5.600
   • Losses: 1,600
   • Positive net profit and loss balance for the year 2025: (5,600 – 1,600) = 4,000

2. Compensation for the negative balance of investment income from the 2025 financial year:

   Negative returns on capital furniture attributable to 2025⁽²⁾: 800

   Negative capital gains for the year will be offset against the positive balance of capital gains and losses for the year from the taxable savings base, with a limit of 25% of said positive balance, which amounts to 1,000 (25% s/4,000). This clears all outstanding balances.

3. Offsetting negative net balance of capital gains and losses from previous years:

   • Compensation for negative net loss balance 2021: 700
   • Compensation for negative net loss balance 2022: 2,100

4. Negative net balance compensation of income from movable capital from 2021⁽³⁾: 200

   Negative returns on movable capital from 2021 can be offset against the positive balance of capital gains and losses from the 2025 financial year up to a combined limit of 25 percent of said balance. In this case up to 200 euros since the compensation for the negative balance of the income from movable capital of the 2025 financial year amounted to 800 and the limit to 1,000 euros (25 per 100 s/4,000).

5. Total compensations (700 + 2,100 + 200) = 3,000

6. Compensation to be made (up to the amount of the positive balance): (800 + 3,000) = 3,800

7. Taxable savings base (4,000 – 3,800) = 200