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Practical Heritage Manual 2019.

By participation in the social capital of agricultural cooperatives or community exploitation of the land

Regulations: Art. 13 ter.Three 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 social capital of agricultural cooperatives or community exploitation of land to which the Law 5/1998, of December 18, on cooperatives in 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.