10.11.15. For certain grants obtained as a result of damage caused by the fires of October 2017

Taxpayers may deduct the amounts received from subsidies or public aid, provided that the corresponding amount obtained from the Autonomous Community of Galicia, included in Decree 102/2017, of October 19, on urgent aid measures for the repair of damage caused by the fires that occurred in Galicia during the month of October 2017, has been integrated into the general tax base.

The amount of said deduction will be the result of applying the average tax rates to the part of the general tax base that corresponds to said subsidy or aid.

Completion

You must indicate the amount of the subsidy or aid that you have recorded as capital gain in the general tax base and if the subsidy is considered income from economic activities, you will indicate the part of the reduced net income that corresponds to the subsidy, once its amount has been reduced by the part of the reductions that may be applicable.