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Practical Guide to Income Tax 2025. Part 1.

f) Information to be provided in the personal income tax return

The maximum period for materialising the reserve for investments in the Balearic Islands (RIB) is three years, pursuant to the provisions of Additional Provision Seventieth. Four of Law 31/2022, of December 23, on the General State Budget for the year 2023.

This three-year period must be counted from the date of accrual of the tax corresponding to the year in which the allocation (accounting) of the reserve occurs and said allocation in the case of natural persons may be:

  • at the close of the accounting period on December 31 of each year.
  • in the year following the year in which the profit is obtained.

The above determines that natural persons will have an effective period of three or four years to materialize the reserve for investments in the Balearic Islands, depending on when they have made the accounting entry for the provision of the reserve (at the end of the financial year or in the following financial year). The design of the model responds to this duality (which does not occur in the case of Companies). PIT.

Information on allocations and materializations made in 2025 from the reserve for investments in the Balearic Islands corresponding to the 2025 financial year and advance investments of future allocations will be provided in accordance with the breakdown contained in the corresponding section of Annex A.4 of the declaration as follows:

Provisions and materializations carried out in 2025 

  • Box [1681], [1780] and [1937]

    Sand will indicate the amount of the allocation for the reserve for Investments in the Balearic Islands made in 2023, 2024 and 2025.

  • Box [1682], [1781] and [1938]

    The year in which the allocation is made will be indicated. (2023, 2024 and 2025).

  • Box [1684], [1782] and [1939]

    The amount of the materializations made against the previously declared allocation in the investments provided for in letters A and B of number 4 of section four of the Seventieth Additional Provision will be indicated. Law 31/2022, of December 23, on the General State Budget for the year 2023.

  • Box [1685], [1783] and[1940]

    The amount of the materializations made against the previously declared allocation in the investments provided for in letter C of number 4 of section four of the Seventieth Additional Provision will be indicated. Law 31/2022, of December 23, on the General State Budget for the year 2023.

  • Box [1689], [1784] and [1940]

    The amount of the previously declared allocation that is pending to be materialized as of December 31, 2025, will be indicated.

Advance investments of future allocations to the reserve for Investments in the Balearic Islands, made in 2025 

It will be indicated in the boxes [1942] and [1943]respectively, the amount of investments made in 2025 as an advance materialization of future allocations in those provided for, on the one hand, in letters A and B and, on the other hand, in letter C, of ​​number 4 of section four of the seventieth Additional Provision. Law 31/2022, of December 23, on the General State Budget for the year 2023.