Incompatibilities

The application of the RIC is incompatible , for the same assets and expenses, with the deductions to encourage the performance of certain activities regulated in Chapter IV of Title VI of the LIS , and with the deduction for investments in the Canary Islands regulated in article 94 of Law 20/1991.

In the case of used assets and land, with effect for tax periods beginning on or after 7 November 2018, they may not have previously benefited from the regime provided for in this article, for provisions that have been made with profits from tax periods beginning on or after 1 January 2007, nor from the deductions to encourage the performance of certain activities regulated in Chapter IV of Title VI of the LIS, nor from the deduction for investments regulated in article 94 of Law 20/1991. However, 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.