Spain�s partial exemption for income from certain intangible assets was inconsistent with the nexus approach for IP assets acquired from related parties for the period from 1 January 2017 to 31 December 2017 and for new taxpayers entering the regime in the period from 1 July 2016 to 31 December 2017. </br> Quaifying assets refers to IP assets that generate income derived from the transfer or the assignment of the right to use of any patent, design or model, plan, secret formula or process or from the assignment of information concerning industrial, commercial or scientific experience. In no case shall be eligible for reduction income arising from the assignment of a right to use, of from the transfer of, trademarks, literary, artistic or scientific works including cinematographic films, or from individual rights that might be assigned such as image rights, from software, industrial, commercial or scientific equipment or derived from any other right or asset different from those mentioned in the previous paragraph.