10.13.24. Through investment in social economy entities

Amount

He 20% of the amounts invested during the tax period in contributions made for the purpose of being a partner in entities that are part of the social economy.

The maximum amount of this deduction will be 4,000 euros.

Requirements and conditions

• The shareholding obtained by the taxpayer as a result of the contribution made, calculated together with that held by his spouse or persons linked to the taxpayer by reason of kinship up to the third degree inclusive, in a direct or collateral line, by consanguinity or affinity, cannot exceed 40% of the total share capital of the entity subject to the investment or of its voting rights.

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

  • Be part of the social economy, under the terms set out in Law 5/2011, of March 29, on the Social Economy.

  • To have its registered and tax domicile in any municipality of the Region of Murcia.

  • Have at least one person employed with a full-time employment contract, and registered in the general Social Security system.

• Transactions in which the deduction is applicable must be formalized in a public deed, which will record the identity of the investors and the amount of the respective investment.

• Contributions must remain in the taxpayer's assets for a minimum period of five years.

• The requirements that the entity in which the investment was made must meet must be fulfilled for a minimum period of five years from the date of the contribution.

  Failure to comply with the requirements and conditions set out, with the exception of the one relating to the formalization of the operations in a public deed, entails the loss of the tax benefit and, in such case, the taxpayer must include in the tax return corresponding to the year in which the non-compliance occurred the part of the tax that would have been left unpaid as a result of the deduction made, together with the accrued late payment interest.

Incompatibility

This deduction is incompatible, for the same investments, with the deduction "For investment in the acquisition of shares or equity interests of new or recently created entities" and the deduction "For investment made in entities listed on the Alternative Stock Market."

Completion

For each entity, it will reflect the NIF and the amount of the investment with the right to deduction.

In the case of marriage, if the amount paid corresponds to the spouses in equal parts, each will reflect 50% of the total amounts paid by both.

The program will transfer the data to Annex B.13 of the declaration.