Due to the impact of rural land on agricultural exploitation and rural leasing
Regulations: Art. 13 ter.Four 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
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Requirements for applying the deduction
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agricultural exploitation
- That among the goods or rights of economic content computed for the determination of the tax base include rural land used for agricultural exploitation .
- The agricultural holding must be registered in the Registry of Agricultural Holdings of Galicia. The term "agrarian exploitation" will be the one defined in Law 19/1995, of July 4, on the modernization of agricultural exploitations.
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Rustic lease
Those taxpayers who lease rural land s for the same temporary period will also be entitled to this deduction, in accordance with the conditions established in Law 49/2003, of November 26, of rustic leases.
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Deduction amount
100 percent of the part of the quota that proportionally corresponds to the aforementioned goods or rights as long as they are used for agricultural exploitation for at least half of the calendar year corresponding to the accrual.
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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.