10.6.16. For investments or donations to Social Economy entities

Amount of deduction

• 20% of the amounts invested during the year in contributions made for the purpose of becoming a partner in entities that form part of the Social Economy referred to in the following section.
• 50% of the amounts donated, irrevocably, to entities that form part of the Social Economy for the development of new economic activities as well as the consolidation of those already carried out.
• 25% of the amounts donated, irrevocably, to entities that form part of the Social Economy for the realization of activities to promote and disseminate the Social Economy, in accordance with the terms established in article 8 of Law 5/2011, of March 29, on the Social Economy (BOE of the 30th).

Limits

The joint limit for the three deduction assumptions is 3,000 euros, both in individual taxation and in joint taxation. No amount may be deductible simultaneously in two or more of the modalities of this deduction.

Requirements and other conditions for the application of the deduction

1. The application of this deduction is subject to compliance with the following requirements and conditions:

   • The participation achieved by the taxpayer together with that of the spouse or persons related by reason of kinship, in a direct or collateral line, by consanguinity or affinity up to the third degree included, may not exceed 40% of the capital of the entity that is the object of the investment or donation.
   • The entity in which the investment or donation must be made must meet the following requirements:
     • Be part of the social economy, under the terms set forth in Law 5/2011, of March 29, on the Social Economy and be registered in the established registries or catalogues that recognize the status of a social economy entity.
     • Have its registered office and tax domicile in Cantabria.

     • Have, on average annually, one person employed with a full-time employment contract, and registered in the general Social Security system.

     These requirements must be met for a minimum period of three years from the date of the contribution or donation.

2. Transactions 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.

3. To be eligible for this deduction, the effectiveness of the donation and its value must be proven by means of a certificate issued by the recipient entity.

4. Deliveries or donations that form the basis of this deduction must be made by credit or debit card, bank transfer, personal check or deposit into accounts in credit institutions, to the entities that receive the donation.

5. In no case will contributions or donations made through cash deliveries give the right to apply this deduction.

6. In the first type of deduction (20%), the share in the capital acquired as a result of the investment made must remain in the taxpayer's assets for a minimum period of five years.

Failure to comply with the requirements and conditions set out in the previous sections will result in the loss of the tax benefit and, in such case, the taxpayer must include in the tax return for the year in which the failure occurred the part of the tax that was not paid as a result of the deduction made, together with any accrued late payment interest.

Incompatibility

This deduction will be incompatible, for the same investments, with the deductions “For donations to foundations or to the Cantabria Coopera Fund” and “Deduction for investment in the acquisition of shares and social participations of new or recently created entities”.

Completion

It will reflect the entity's NIF and the amount of the investment eligible for the deduction.

The program will transfer the data to Annex B7 of the declaration.