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Form 100. Personal Income Tax Declaration 2019

9.8.2.2.1. Common standards

Joint Maximum Limit

The deduction limits are applied to the quota resulting from reducing the sum of the full state and regional quotas in the total amount of the deductions for investment in habitual residence, the deduction for investment in new or recently created companies and for actions for the protection and dissemination of Spanish Historical Heritage and World Heritage. The amount of the deductions, excluding the deduction for expenses involved in the execution of a foreign production of feature films or audiovisual works, may not jointly exceed 25%.

However, this limit is raised to 50% when the amounts of deductions for scientific research and technological innovation activities that correspond to expenses and investments made in the tax period itself exceed 10% of that same quota.

When there are outstanding balances from previous years, the appropriate limit will be applied to the deductions for the year and the balances from previous years.

These limits are calculated and applied by the program.

Amounts not deducted

The amounts corresponding to the tax period not deducted because they exceed the maximum limit may be applied, respecting the same limits, in the settlements of the tax periods that end in the immediate and subsequent fifteen years.

However, the amounts corresponding to deductions for scientific research and technological innovation activities and for the promotion of information and communication technologies may be applied in the settlements of the tax periods that end in the immediate and subsequent eighteen years.

Investment maintenance

The assets subject to the deductions provided for in articles 35 to 39 of the Corporate Tax Law must remain in operation for five years, or three if they are movable assets, or during their useful life if shorter.

Together with the fee corresponding to the tax period in which non-compliance with this requirement is manifested, the deducted amount will be entered, in addition to late payment interest.

Single investment deduction

The same investment may not give rise to the application of the deduction to more than one person or entity.

Completion

The calculation of deductions for business investment is not carried out by the program.

For the purposes of completion, for each deduction a data capture window will open in which you must provide the amount of the deduction, not the investment , and the amount you wish to apply, The latter may be lower if you do not want to apply the entire amount in the 2019 declaration.

The program will apply the amount provided as long as it does not exceed the established maximum limits. If the indicated amount exceeds the applicable limit, the latter will be applied.