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Practical Heritage Manual 2020.

For participation in the share capital of agricultural cooperatives or community land exploitation

Regulations: Art. 13 ter.Three 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 among the assets or rights of economic content computed for the determination of the tax base, there are included shares in the share capital of agricultural cooperatives or community land exploitation cooperatives referred to in Law 5/1998, of December 18, on cooperatives in Galicia.
    • The shares must be kept 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 of the Wealth Tax Law, even if said exemption is partial.