Incompatibilities

The application of the RIC is incompatible , for the same goods 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.

If these are used assets and land, with effect for the tax periods beginning on or after November 7, 2018, these are not may have previously benefited from the regime provided for in this article, for contributions that had been made with benefits from tax periods beginning on or after January 1, 2007, nor from deductions to encourage the performance of certain activities regulated in Chapter IV of Title VI. of the LIS, nor of the deduction for investments regulated in article 94 of Law 20/1991. However, the investment that falls on used assets that would have only partially benefited from the reserve regime for investments in the Canary Islands in the corresponding proportional part will be considered eligible.