Exemption of income derived from the transfer of certain properties

As established in the Sixth Additional Provision of the LIS income derived from the transfer of urban real estate that is considered a non-current asset or that has been classified as non-current assets held for sale and that was acquired for a fee from May 12, 2012, to December 31, 2012, will be exempt by 50 percent, without the amount of impairment losses relating to the real estate or the amounts corresponding to the reversal of excess amortization that has been tax deductible in relation to the recorded amortization.

The application of the Sixth Additional Provision of the LIS is excluded in cases of real estate acquired or transferred by persons or entities with certain corporate links (Article 42 of the Commercial Code) or kinship as indicated therein.

Filling in form 200

Taxpayers entitled to this exemption must include in box [00519] "Exemption transfer real estate (DA LIS 6)" on page of Form 200, of the positive income derived from the transfer of the properties (not excluded from the application) referred to, without including impairment losses relating to such transferred properties or the amounts corresponding to the reversal excess depreciation that has been tax deductible in relation to the recorded depreciation.