7.3.3.2. Interest on financial assets with the right to a bonus

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

These benefits are recognized to the toll highway concession companies that had recognized benefits on January 1, 1979 for financing and refinancing operations based on 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, taxable persons 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 contributions, corresponding to the interests that must be satisfied 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 related to the Seville 1992 Universal Exhibition, the commemorative events of the V Centenary of the Discovery of America and the 1992 Barcelona Olympic Games and article 6.5 of Law 30/1990, of December 27, on tax benefits related to Madrid European Capital of Culture 1992, by virtue of a resolution agreed upon by the Ministry of Economy and Finance, will continue to apply it in the terms established in the respective regulations.

COMPLETION

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

INCOME

The explicit interest obtained from financial assets entitled to a bonus will be recorded in this section.

WITHHOLDINGS

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

The amount of withholdings not actually made that, however, are considered deductible from the fee will be transferred by the program to box 0597 on page 17 of the declaration.

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

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

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

The amounts that represent the consideration for discretionary and individualized management of investment portfolios, where there is a disposition of the investments made on behalf of the holders in accordance with the mandates conferred by them, will not be deductible.