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Practical Heritage Manual 2019.

Due to the creation of new companies or expansion of the activity of recently created companies

Regulations: Art. 13 ter.One Consolidated text 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.

  • Requirements for applying the deduction

    That among the goods or rights of economic content computed for the determination of the tax base there is one to which the deductions were applied in the full autonomous quota of the Personal Income Tax related to the creation of new companies or expansion of the activity of recently created companies, or investment in the acquisition of shares or stakes in new or recently created entities.

  • Amount and maximum limit of the deduction
    • 75 percent of the part of the fee that proportionally corresponds to the aforementioned assets or rights.
    • The maximum deduction limit will be 4,000 euros per taxpayer.
  • Loss of the right to the deduction made

    Failure to comply with the requirements established in the deductions of Personal Income Tax will determine the loss of this deduction.

  • Incompatibility

    This deduction will be incompatible with the remaining deductions except for the deductions "For the impact of rural land on agricultural exploitation and rural leasing" and "For the impact on economic activities of properties in historic centers."