7.3.3.2. Interest on financial assets with the right to bonus

This section will include the interest on financial assets that still enjoy the 95% bonus of the old Capital Income Tax, in accordance with the transitional regime provided for in transitional provision 11 of the revised text of the Corporate Income Tax Law. Any withholdings corresponding to these incomes that have not been effectively made will, however, be considered deductible.

These benefits are recognized to the toll motorway concession companies that had recognized benefits on January 1, 1979 for financing and refinancing operations in accordance with their specific legislation and the provisions of the third transitional provision, section 2, of Law 61/1978, of December 27, and its implementing regulations. Likewise, taxpayers who, on the date of entry into force of Law 43/1995, of December 27, enjoyed the bonus referred to: Article 25.c) of Law 61/1978, of December 27; Article 1 of Royal Decree Law 5/1980, of May 29, on the bonus of Corporate Tax rates, corresponding to the interest to be paid by local corporations, autonomous communities and the State, due to certain loans or borrowings; Articles 6.5 and 20 of Law 12/1988, of May 25, on tax benefits relating to the Seville 1992 Universal Exposition, the commemorative events of the Fifth Centenary of the Discovery of America and the Barcelona 1992 Olympic Games and Article 6.5 of Law 30/1990, of December 27, on tax benefits relating to Madrid as European Capital of Culture 1992, by virtue of a resolution agreed upon by the Ministry of Economy and Finance, will continue to apply in the terms established in the respective regulations.

COMPLETION

The following information will be entered through a data capture window, which will normally appear in the performance certification provided by the bank holding the securities.

INCOME

This section shall include explicit interest obtained from financial assets eligible for bonuses.

WITHHOLDINGS

Likewise, the withholdings actually made and the deductible withholding will be indicated in the corresponding sections.

The amount of the withholdings not actually made that are nevertheless considered deductible from the quota will be transferred by the program to box 0556 on page 17 of the declaration.

ADMINISTRATION AND DEPOSIT EXPENSES FOR NEGOTIABLE SECURITIES (art. 26.1.a) Law)

To determine the net return, only the administration and deposit costs of negotiable securities will be deducted from the gross returns.

For these purposes, administration and deposit expenses are considered to be those amounts charged by investment services companies, credit institutions or other financial institutions that, in accordance with Law 24/1988, of July 28, on the Securities Market, have the purpose of remunerating the service derived from the performance on behalf of their holders of the service of deposit of securities represented in the form of certificates or the administration of securities represented in account entries.

Amounts representing consideration for discretionary and individual management of investment portfolios, where there is a disposition of investments made on behalf of the owners in accordance with the mandates conferred by them, will not be deductible.