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Form 100. Personal Income Tax Return 2023

10.11.11. For investment in shares of entities listed in the expansion companies segment of the Alternative Stock Market

Amount

Taxpayers will be able to deduct 15% of the amounts invested during the year in the acquisition of shares as a result of capital increase agreements signed through the expansion companies segment of the Alternative Stock Market, approved by agreement of the Council of Ministers of December 30, 2005.

The calculated deduction will be prorated equally in the year in which the investment is made and in the three following years.

Limit

The deduction will have a limit of 4,000 euros. The total deduction calculated will be prorated equally in the year in which the investment is made and in the three following years.

Requirements

  1. The participation obtained by the taxpayer in the company that is the object of the investment cannot exceed 10% of its share capital.

  2. The acquired shares must remain in the taxpayer's assets for a period of at least three years .

  3. The company that is the object of the investment must have its registered office and tax domicile in Galicia, and its main activity must not be the management of movable or immovable assets, in accordance with the provisions of article 4.8.Two.a) of Law 19/1991, of June 6, on the wealth tax.

  4. The operations must be formalized in a public deed in which the identity of the investors and the amount of the respective investment must be specified.

The requirements indicated in letters a) and c) above must be met for a period of at least three years, counted from the date of acquisition of the share.

Non-compliance with requirements

Failure to comply with the above requirements entails the loss of the tax benefit, and the taxpayer must include in the tax return for the year in which the failure occurred the portion of the tax that was not paid as a result of the application 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 investment in the acquisition of shares or social participations in new or recently created entities”, “For investment in the acquisition of shares or social participations in new or recently created entities and their financing” and “For investment in companies that carry out agricultural activities”.

Completion

You must indicate the amounts invested in each year with the right to deduction as well as the NIF of the entity in which you make the investment. In the case of marriage, if the investment is common to both, 50% must be reported in the declaration of each spouse.

The program will transfer the amount to Annex B.8.