With the approval of the modification of the personal income tax law last December, we find operations that receive better tax treatment in 2015 compared to what occurred last year.
The perception of high incomes
In the new rate applicable to the general taxable base, both the number of tranches is reduced, from the current seven to five, as well as the marginal rates applicable to them.
Short-term capital gains derived from transmissions
Starting in 2015, all capital gains and losses derived from transfers will form part of the savings tax base, making it irrelevant whether the transferred items were acquired one year or less in advance.
The transfer of any asset element by taxpayers over 65 years of age with reinvestment in a life annuity
Starting in 2015, a new exemption case is introduced for reinvestment of capital gains that are evident in the transfer of assets by taxpayers over 65 years of age, provided that the entire amount obtained in the transfer is used in within a period of six months, to constitute an insured annuity in his favor.
The maximum amount that can be used to create life annuities will be 240,000 euros. In the case of partial reinvestment, only the proportional part of the capital gain obtained that corresponds to the reinvested amount will be excluded from taxation.
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