Reduction of income from certain intangible assets
We inform you of the consequences of BREXIT in the reduction of income from intangible assets
Article 23 of the LIS regulates the reduction in the tax base of income from certain intangible assets, and in accordance with letter b) of this article, the transferee of said assets is required does not reside in a country or territory with zero taxation or classified as a tax haven, unless it is located in a Member State of the European Union and the taxpayer proves that the operation responds to valid economic reasons and that it carries out economic activities.
Likewise, as of January 1, 2021, the bilateral agreement between the United Kingdom and Spain to avoid double taxation will apply.