Deduction percentages

12 percent of the positive income obtained from the onerous transfer of assets and included in the taxable base subject to the general tax rate or the scale provided for in article 114 of RDLeg. will be deducted from the total amount. 4/2004.

The deduction will be 7 percent , 2 percent or 17 percent when the taxable base is taxed at the rates of 25 percent, 20 percent or 35 percent, respectively.

However, in the case of installment or deferred price transactions , the deduction percentages of 12 and 17 percent established in section 1 of article 42 of the RDLeg. 4/2004 will be 10 and 15 percent respectively, regardless of the tax period in which the deduction is applied for income included in the tax base for tax periods beginning in 2015.

Percentage applicable to the deduction for reinvestment of extraordinary profits . Entities that pay taxes according to the scale provided for in the Twelfth Additional Provision of the Royal Decree-Law. 4/2004 , by meeting the requirements set forth therein, may apply the percentage of 12 percent in the deduction for reinvestment of extraordinary profits.