B) Benefits in the form of capital derived from public social security schemes

Regulations: Art. 18.3 Law IRPF and 12.3 Regulation

Taxpayers may apply a reduction of 30 percent to the following benefits, provided that they are received in the form of capital, consist of a single payment and more than two years have passed since the first contribution. The two-year period is not required in the case of disability benefits:

1. The pensions and passive assets received from the public Social Security and Passive Classes regimes and other public benefits not exempt due to situations of disability, retirement, accident, illness, widowhood or similar .
2. Benefits received by the beneficiaries of compulsory general mutual funds for public officials, orphanages and other similar entities .

In the case of mixed benefits, which combine income of any type with a single payment in the form of capital, the reduction referred to will only be applicable to the payment made in the form of capital.