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, used for the development of the operation economic of the entity. The basis of the deduction will be the acquisition price or production cost.

• It will be a requirement to enjoy the deduction for investments that the elements remain in operation in the company of the same taxpayer for 5 years , except that their useful life in accordance with the amortization method, of the admitted in the Law, which applies, was inferior.

• 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.