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Form 100. Personal Income Tax Return 2023

10.2.8. For investment in the acquisition of shares or equity interests in new or recently created entities

Amount

Taxpayers will be entitled to a deduction of 20% of the amounts invested during the year in the acquisition of shares or corporate interests as a result of agreements to form companies or increase capital in commercial companies referred to in article 68.1 of Law 35/2006 on Personal Income Tax.

This deduction will only be applicable to the amount invested that exceeds the maximum base of the state deduction provided for in the aforementioned article of the Law. The maximum amount of this deduction is 4,000 euros.

When the taxpayer transfers shares or interests and opts for the exemption provided for in section 2 of article 38 of Law 35/2006 on Personal Income Tax, only the part of the reinvestment that exceeds the total amount obtained from the transfer of those shares or interests will form part of the basis for the deduction corresponding to the new shares or interests subscribed. In no case may a deduction be made for new shares or interests as long as the amounts invested do not exceed the aforementioned amount.

Requirements

  • The taxpayer must meet all the requirements and conditions set out in the state regulations of article 68.1 of Law 35/2006 on Personal Income Tax.

  • The Public Limited Company, Limited Company, Labour Public Limited Company or Labour Limited Company in which the investment is to be made must have its registered office and tax domicile in Aragon.

  • The taxpayer may be a member of the company's board of directors, but may not, under any circumstances, carry out executive or management functions or maintain an employment relationship with the entity.

Failure to comply with the established requirements and conditions will entail the effects and consequences provided for in article 59 of Royal Decree 439/2007 Personal Income Tax Regulations.

Incompatibilities

This deduction will be incompatible, for the same investments, with the deductions "For investment in shares of entities listed in the expansion segment of the Alternative Stock Market" and "For investment in entities of the social economy."

Completion

You must state the amount of the investment eligible for deduction and the NIF of the entity. The program will transfer the deduction amount to Annex B.8 of the declaration.