Requirements

• In order to be able to apply 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 for the deduction will be the purchase price or production cost.

• To enjoy the deduction for investments, it will be a requirement 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 by Law, that is applied, is less.

• same investment may give rise to application of the deduction in more than one .

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