Autonomous Community of the Balearic Islands

Discount for cultural consumer goods

Regulations: Art. Revised Text of the Legal Provisions of the Autonomous Community of Balearic Islands in the area of taxes transferred by the State, approved by Legislative Decree 9/1 of 2014 June. 6

• Requirements for applying the bonus

  Taxpayers of this tax who are holders of full ownership of the cultural consumer goods to which they refer will be entitled to this bonus to article 5 of Act 3/2015, of 23 March, which regulates cultural consumption and the cultural, scientific and technological development patronage, and tax measures are established.

  For the purposes of this law, cultural consumption is understood as the acquisition by natural or legal persons of cultural products such as works of artistic, artistic or sculptural creation, in any of its original formats, which the artist has created entirely and which are unique or serial. Crafts and reproductions are excluded.

• Bonus amount

  On 90% of the proportional part of the payment corresponding to the net value of the assets and rights for which the taxpayer has the right to the bonus (box [100] of the Wealth Tax return). 50