10.14.21. For donation of cultural assets by their authors or creators and their heirs

This deduction only applies to donations made after April 30, 2021.

Amount

Authors and creators of cultural assets and their heirs may deduct 20  % of the value of cultural assets of guaranteed quality that are donated, or on which a real right of usufruct or temporary storage without compensation is established in favor of the cultural institutions of the Autonomous Community of La Rioja.

Limit

The limit for this deduction is 500 euros per year per taxpayer.

The sum of this deduction plus the deductions "For donations for the promotion and encouragement of patronage development activities", "For amounts donated for the research, conservation, restoration, rehabilitation, consolidation, dissemination, exhibition and acquisition of assets of cultural interest of the Historical Heritage of La Rioja", and "For donations to cultural companies" may not exceed 30% of the total regional quota.

Incompatibilities

This deduction is incompatible with the deduction "For donations for the promotion and encouragement of patronage development activities", "For amounts donated for the research, conservation, restoration, rehabilitation, consolidation, dissemination, exhibition and acquisition of assets of cultural interest of the Historical Heritage of La Rioja".

However, if the spouses were entitled to different deductions that were incompatible with each other in joint taxation, both could be applied.

In the case of donations made from the joint property, only the spouse who is not entitled to another deduction incompatible with the above may apply the 50% deduction and may choose the most favourable one.

This deduction is incompatible with the tax credit recognized by virtue of the donation that entitles the deduction as long as the tax credit remains in force.

The concept of tax credit, its amount and duration are defined in articles 8, 9 and 11 of Law 3/2021, of April 28, on Patronage of the Autonomous Community of La Rioja.

Completion

The value of the donated property will be recorded.