8.3.2. Offsets of negative items in the general tax base

It will be offset first and in this order of the positive net balance of capital gains and losses attributable to 2018 to be integrated into the general tax base:

• Negative balances of capital gains and losses of 2014, 2015, 2016 and 2017 not derived from the transfer of capital elements to be integrated into the General Tax Base.

Note: The losses obtained in fiscal year 2014 derived from the transfer of assets with a period of permanence equal to or less than one year that in these years were integrated into the General Tax Base are offset as of January 1, 2015 in the Tax Base of the savings, according to rules applicable to capital gains and losses derived from transfers of assets, regardless of the generation period.

From the positive balance of the income to be integrated into the tax base and the income imputations, the following may be offset:

The negative net balance of capital gains and losses to be integrated into the general tax base from fiscal year 2018 will be entered in box 0433 on page 13 of the declaration.

The remaining negative net balances of capital gains and losses from 2014 to 2017 not derived from transfers, pending compensation as of January 1, 2018, will then be offset to be integrated into the general tax base, with the limit of 25 percent of the amount in box 0434, this balance is pending and not compensated.