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Practical Heritage Manual 2020.

For investment in forestry development companies

Regulations: Art. 13 ter.Two Consolidated text of the legal provisions of the Autonomous Community of Galicia on taxes transferred by the State, approved by Legislative Decree 1/2011, of July 28.

  • Requirements for applying the deduction

    • That the assets or rights of economic content computed for the determination of the tax base include shares in forestry development companies regulated by Law 7/2012, of June 28, on forests in Galicia.
    • The shares must remain in the taxpayer's assets for a minimum period of five years following their acquisition.

  • Amount of deduction

    100% of the portion of the share that proportionally corresponds to the aforementioned assets or rights.

  • Incompatibility

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