News published in INFORMA 2019

New features introduced in the INFORMA programme during JULY

A recently created entity, with tax residence in Spain and owned by non-Spanish EU resident individuals, whose main activity is to renovate homes for their subsequent sale, may apply the reduced rate of 15% provided for newly created entities.

It is the economic and legal basis of the operation materialized in the terms that each specific contract incorporates, with respect to the limitations that affect the transmission of risks and benefits associated with the right of use, which characterize the operation as a sale or lease.

The right to offset negative tax bases is not affected by the fact that an entity that is considered a patrimonial entity subsequently begins to develop economic activities, provided that it does not incur in the circumstances that give rise to the application of the fourth section of article 26 LIS .