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Practical Heritage Manual 2019.

By investment in forestry development companies

Regulations: Art. 13 ter.Two 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 assets or rights of economic content computed for the determination of the tax base include participations in the forestry development companies regulated in Law 7/2012, of June 28, on the mountains of Galicia.
    • The shares must be maintained in the taxpayer's assets for a minimum period of five years following their acquisition.
  • Deduction amount

    100 percent of the part of the quota that proportionally corresponds to the aforementioned assets or rights.

  • Incompatibility

    This deduction will be incompatible with the application for the same assets or rights of the exemptions of article 4 of the Wealth Tax Law, even if said exemption is partial.