Autonomous Community of the Balearic Islands

Bonus for cultural consumer goods

Regulations: Art. 9 bis Revised Text of the Legal Provisions of the Autonomous Community of the Balearic Islands on Taxes Transferred by the State, approved by Legislative Decree 1/2014, of June 6.

• Requirements for applying the bonus

  Taxpayers of this tax who are full owners of the cultural consumer goods referred to in article 5 of Law 3/2015, of March 23, which regulates cultural consumption and cultural, scientific and technological development patronage, and establishes tax measures, will be entitled to this bonus.

  For the purposes of this law, cultural consumption is understood to be the acquisition by natural or legal persons of cultural products such as works of artistic creation, paintings or sculptures, in any of their formats, which are original and have been entirely created by the artist and which are unique or serial. Handicrafts and reproductions are excluded.

• Bonus amount

  90 percent of the proportional part of the quota that corresponds to the net value of the assets and rights for which the taxpayer is entitled to the bonus (box [50] of the Wealth Tax return).