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Form 100. 2020 Personal Income Tax Return Declaration

10.2.14. By investment in social economy entities.

20% of the amounts invested during the year in contributions made with the purpose of being a partner in entities that are part of the social economy. The maximum amount of this deduction is 4,000 euros for both individual taxation and joint taxation.

Requirements and conditions

  1. The participation achieved by the taxpayer computed together with those of the spouse or persons linked by reason of kinship, in a direct or collateral line, by consanguinity or affinity up to the third degree included, may not exceed 40 percent of the capital of the object entity. of the investment or their voting rights.

  2. The entity in which the investment must materialize will have to meet the following requirements:

    1. Be part of the social economy, in the terms provided for in Law 5/2011, of March 29, on the Social Economy.

    2. Have your tax and social domicile in Aragón.

    3. Have, at a minimum, one employed person with a full-time employment contract, and registered in the general Social Security regime.

  3. The operations in which the deduction is applicable must be formalized in a public deed, which will record the identity of the investors and the amount of the respective investment.

  4. The contributions must be maintained in the taxpayer's assets for a minimum period of five years.

  5. The requirements established in letters a, b and c of section 2 must be met for a minimum period of five years counting from the contribution.

Failure to comply with the requirements and conditions established in sections 1,3 and 4 will entail the loss of the tax benefit and, in such case, the taxpayer must include in the tax return corresponding to the year in which the non-compliance occurred the part of the tax that had not been paid as a result of the deduction made, together with the late payment interest accrued.

Incompatibility

This deduction will be incompatible, for the same investments, with the deduction for investment in shares of entities listed in the expanding companies segment of the Alternative Stock Market, and with the deduction for investment in the acquisition of shares or social participations of new entities. or recently created.

Completion

You must indicate the amounts invested with the right to deduction and the NIF of the entity.

The program will transfer both the NIF of the entity and the amount of the investment with the right to deduction to Annex B7 of the declaration.