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V2397-24 ·25 November 2024 ·consulta-vinculante Medium impact
Tax

Cultural foundation: deduction under article 36.3 LIS for live performances and article 39.7 LIS for investors; base calculation with public grants and transfers

A cultural foundation organising operatic and theatrical productions, under the regime of Law 49/2002, asks whether it can claim the deduction under article 36.3 LIS for live performances, whether its financiers can apply it via article 39.7 LIS, and how to calculate the base taking into account public subsidies and transfers. The DGT confirms this and specifies the base calculation.

In 6 key points

How it affects those involved

The foundation can claim the deduction under article 36.3 LIS for live performances, and its financiers may apply it under article 39.7 LIS. The base is calculated by deducting public subsidies and transfers from total revenue.

Lifecycle

2024-11-25PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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