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Form 100. 2019 Personal Income Tax return

10.2.8. For investment in the acquisition of shares or social holdings of new or recently created companies

Taxpayers will have the right to a deduction of 20% of the amounts invested during the financial year in the acquisition of shares or social holdings as a result of agreements to set up companies or increase capital in companies referred to in Article 68,1 of the Personal Income Tax Act 35/2006.

The application of this deduction will only be based on the amount invested that exceeds the maximum base of the state deduction provided for in the aforementioned article of the Act. The maximum amount of this deduction is 4,000 euros.

When the taxpayer transfers shares or shares and chooses the exemption provided for in section 2 of article 38 of Act 35/2006 of personal Income Tax will only form part of the deduction base corresponding to the new shares or shares subscribed, the part of the reinvestment that exceeds the total amount obtained in the transfer of those shares. Under no circumstances may the deduction be made for new shares or holdings, while the amounts invested do not exceed the aforementioned amount.


  • The taxpayer must meet all the requirements and conditions required by the state regulations of article 68,1 of the Personal Income Tax Act 35/2006.

  • The entity in which the investment must materialize must have its registered office in Aragon.

  • The taxpayer may be part of the company's board of directors, without being able to carry out executive or management functions or maintain a working relationship with the company under any circumstances.

Failure to comply with the established requirements and conditions will result in the effects and consequences provided for in Article 59 of Royal Decree 439/2007 on Personal Income Tax.


This deduction will be incompatible for the same investments with the deductions "For investment in shares of entities listed in the expanding companies segment of the Alternative Stock Market" and "For investment in social economy entities."


The amount of the investment with the right to deduction and the bank's NIF must be entered. The program will transfer the amount of the deduction to Annex B7 of the tax return.