Total amount of deferred capital corresponding to life insurance to whose performance the 4th DT of the Law is applicable

Income tax established before 1-1-1999

To determine the portion of life and temporary annuities, immediate or deferred, that is considered income from movable capital, only the percentages indicated in the previous sections (art. 25.3.a), numbers 2 and 3 of the Law) will be applicable.

These percentages will be applicable depending on the age of the recipient at the time of the establishment of the annuity in the case of life annuities or depending on the total duration of the annuity in the case of temporary annuities.

If life annuities or temporary annuities are redeemed, the return obtained up to the date of creation of the annuity will be subtracted to calculate the return on movable capital produced as a result of the redemption.

In this section, the total performance will be integrated. In the section corresponding to reductions, the corresponding reductions will be applied according to the provisions of Transitional Provision 4 of the Law.