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Form 100. Personal Income Tax Declaration 2021

10.15.32. By investment in the acquisition of shares or social participations in new or recently created entities

Amount

30% of the amounts invested during the year in the subscription and disbursement of shares or corporate participations as a result of agreements to establish or increase the capital of public limited companies, limited liability companies and companies labor or voluntary or mandatory contributions made by members to cooperative societies with a limit of 6,000 euros.

The deduction may be increased by an additional 15% , with a limit of 9,000 euros, when, in addition to meeting the requirements indicated below, the entities receiving funds meet any of these conditions:

  • They prove to be small and medium-sized innovative companies for the purposes of Royal Decree 475/2014, of June 13, on bonuses in Social Security contributions for research personnel, or are owned by universities or research organizations.

  • Have their tax domicile in some municipality at risk of depopulation.

The limits of 6,000 euros and 9,000 euros are independent of each other when they apply to different investments .

In the event that the taxpayer lacks sufficient full autonomous tax to apply all or part of this deduction in the period in which the right to apply it is generated, the amount not deducted may be applied in the three following tax periods until exhausted, if applicable, its total amount.

Requirements

  • The investment cannot be made in shares or participations in an entity through which the same activity that was previously carried out through another ownership is carried out.

  • The entity in which the investment must be made must meet the following requirements:

    1. It must have its registered office and tax address in the Valencian Community and maintain it for the three years following the constitution or expansion.

    2. It must carry out an economic activity during the three years following the constitution or expansion. To this end, the main activity does not have to be the management of movable or real estate assets.

    3. It must have, at a minimum, one employed person with a full-time employment contract, registered in the general Social Security regime during the three years following the constitution or extension.

    4. If the investment had been made through a capital increase or new contributions, the company must have been incorporated in the three years prior to the date of this increase, provided, in addition, during the twenty-four months following the date of the beginning of the corporate tax tax period in which the investment was made, its average workforce increases by at least one person compared to the average workforce existing in the previous twelve months and that this increase is maintained for an additional period another twenty-four months.

      To calculate the company's total average workforce and its increase, the people employed will be taken, in the terms provided by labor legislation, taking into account the contracted day in relation to the full day.

    The requirements contained in numbers 3 and 4 will not be required for labor societies or for associated labor cooperative societies.

  • The operations to which the deduction is applicable must be formalized in a public deed, which must specify the identity of the investors and the amount of the respective investment.

  • The acquired shares must be maintained in the taxpayer's assets for a minimum period of three years following the constitution or increase.

  • The delivery of the monetary amounts that give rise to the right to apply the deduction will be made by credit or debit card, bank transfer, nominative check or deposit into accounts at credit institutions.

Completion

It will record the amount invested, the NIF of the entity and if the investment is in small and medium-sized innovative companies, it will mark the box enabled for this purpose.