Requirements

• In order to practice this deduction it will be necessary to make investments in the Canary Islands in new elements of tangible fixed assets, excluding land , affected by the development of the economic exploitation of the entity. The basis of the deduction will be the acquisition price or production cost.

• It will be a requirement to enjoy the investment deduction that the elements remain in operation in the company of the same taxpayer for 5 years , except that their useful life according to the amortization method, of those admitted in the Law, that is applied, was lower.

• A same investment may not give rise to the application of the deduction in more than one entity.

• Investments made under financial leasing will be eligible for this deduction, with the exception of buildings.