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Practical Handbook for Companies 2021

Box 00067 Optional transitional system regime reducing income from certain intangible assets (DT 20 LIS)

This box should be ticked by taxpayers who, in accordance with the provisions of section 3 of the twentieth transitional provision of the LIS, exercised through the corporate income tax return corresponding to tax period 2016, the options on the transitional regimes applicable to the transfers of the right of use or exploitation of intangible assets under the terms established in sections 2 and 3 of said provision.

Likewise, those taxpayers who carry out from 1 July 2016 to 30 June 2021, transfers of intangible assets that had previously been the object of transfers for which the taxpayer had exercised the option established in sections 2 or 3 of the twentieth transitional provision of the LIS, and who opt, in accordance with the provisions of section five of said provision, to apply the regime established in article 23 of the LIS, according to the wording in force on 1 January 2015, will also tick this box.

This option must be exercised in the tax return corresponding to the tax period in which the transfer takes place.

For details of this transitional regime, see Chapter 5 of this Practical Handbook.