By investment in shares of entities listed in the expanding companies segment of the alternative stock market
Regulations: Art. 5. Eleven Text Recast of the legal provisions of the Autonomous Community of Galicia regarding taxes transferred by the State, approved by Legislative Decree 1/2011, of July 28.
Amount and maximum limit of the deduction
15 percent of the amounts invested during the year in the acquisition of shares as a result of capital increase agreements signed through the expanding companies segment of the alternative stock market, approved by agreement of the Council of Ministers of December 30, 2005.
The maximum limit of the deduction is 4,000 euros.
The total deduction thus calculated will be prorated equally in the year in which the investment is made and in the three following years .
Requirements for applying the deduction
The participation obtained by the taxpayer in the company that is the object of the investment cannot exceed 10 percent of its share capital .
The shares acquired must be maintained in the taxpayer's assets for a period of three years , at least.
The company object of the investment must have the registered and tax domicile in Galicia , and must not have as its main activity the management of movable or real estate assets, in accordance with the provisions of the article 4.8. Two. a) of Law 19/1991, of June 6, on Wealth Tax.
The requirements indicated in letters a and c above must be met during the entire maintenance period indicated in letter b, counted from the date of acquisition of the participation.
The operations in 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.
Loss of the right to the deduction made
Failure to comply with the above requirements entails the loss of the tax benefit.
The deduction contained in this section will be incompatible, for the same investments , with the deductions "For investment in the acquisition of shares or social participations in new or recently established entities creation" provided for in article 5. Nine of Legislative Decree 1/2011, "For investment in the acquisition of shares or social participations in new or recently created entities and their financing" provided for in article 5.Ten of the aforementioned Decree Legislative, and "For investment in companies that develop agricultural activities" provided for in article 5.Fifteen of Legislative Decree 1/2011.
Note: Taxpayers entitled to the deduction must complete the section "Additional information to the regional deduction of Aragón, Galicia, Madrid or Murcia for investments in entities listed on the Alternative Stock Market" of Annex B.8 of the declaration in which, In addition to the amount of the investment with the right to deduction, the NIF of the newly or recently created entity must be stated and, if it exists, that of the second entity, indicating the total amount of the deduction for investments in entities listed on the Alternative Stock Market in the corresponding box.