d) Amount of the materialization

The materialization of the RIC It is understood to be produced by the acquisition price or production cost of the assets, excluding interest, indirect state taxes and their surcharges, without being able to exceed their market value. The amount financed with subsidies is not considered a materialization of the reserve.

However, the particularities established in section 6 of article 27 of Law 19/1994 must be taken into account for certain cases.

In relation to the materialization of the Reserve for Investments in the Canary Islands through investments related to housing rental, in accordance with the provisions of the Fifteenth Additional Provision of Law 19/1994, the amount of the materialization will also be determined according to the provisions of section 6 of article 27 of said Law.

See section 7 of the aforementioned Fifteenth Additional Provision.