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News published in the INFORMA programme 2019

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New features introduced in the INFORMA programme during JULY

141805-RATE OF TAXATION.APPLICATION OF A REDUCED RATE TO AN ENTITY RENOVATING DWELLINGS

A newly created entity, with tax residence in Spain and owned by non-Spanish EU resident individuals, whose main activity is the refurbishment of dwellings for subsequent sale, may apply the reduced rate of 15% foreseen for newly created entities.

141804-TEMPORARY IMPUTATION.TRANSFER OF MOORING RIGHTS

It is the economic and legal substance of the operation materialised in the terms that each specific contract incorporates, with respect to the limitations affecting the transfer of the risks and benefits associated with the right of use, which characterise the operation as a sale or lease.

141803-COMPENSATION OF NEGATIVE TAX BASES.AN ASSET-HOLDING ENTITY COMMENCING AN ECONOMIC ACTIVITY

The right to offset tax losses is not affected by the fact that an entity that has the status of an asset-holding entity subsequently engages in economic activities, provided that it does not incur in the circumstances that give rise to the application of the fourth paragraph of Article 26 LIS .