News published in INFORMA 2019

New features introduced in the INFORMA programme during JULY

A recently created entity, with tax residence in Spain and owned by non-Spanish community resident individuals, whose main activity will be the renovation of homes for subsequent sale, may apply the reduced rate of 15% provided for newly created entities. .

It is the economic and legal background of the operation materialized in the terms that each specific contract incorporates, with respect to the limitations that affect the transmission of the risks and benefits associated with the right of use, which characterize the operation as a sale or lease.

The right to offset negative tax bases is not affected by the fact that an entity that is considered a property entity subsequently begins to develop economic activities, as long as it does not incur the circumstances that give rise to the application of the fourth section. of article 26 LIS .