e) Incompatibilities

This deduction It is incompatible, for the same goods and expenses, with the deductions to encourage the performance of certain activitiesof article 68.2 of the Law PIT, and with the investment deductionregulated in article 94 of Law 20/1991, of June 7, modifying the fiscal aspects of the Economic Fiscal Regime of the Canary Islands.

In the case of used assets and land, these may not have previously benefited from the Canary Islands investment reserve regime , for provisions that have been made with profits from tax periods beginning on or after 1 January 2007, nor from deductions to encourage the performance of certain activities regulated in the LIS , nor from the deduction for investments regulated in article 94 of Law 20/1991. Investments in used assets that have only partially benefited from the Canary Islands investment reserve regime in the corresponding proportional part will be considered suitable.

Precision: In the case of the materialization of the Reserve for Investments in the Canary Islands through investments in housing rental, in accordance with the provisions of the Fifteenth Additional Provision of Law 19/1994, the incompatibility regime of section 12 of article 27 of said Law will also apply, for the same assets and expenses subject to investment.

See section 11 of the aforementioned Fifteenth Additional Provision.