Due to the creation of new companies or expansion of the activity of recently created companies
Regulations: Art. 13 ter.One 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
Requirements for applying the deduction
That among the goods or rights of economic content computed for the determination of the tax base there is one to which the deductions were applied in the full autonomous quota of the Personal Income Tax related to the creation of new companies or expansion of the activity of recently created companies, or investment in the acquisition of shares or stakes in new or recently created entities.
Amount and maximum limit of the deduction
75 percent of the part of the fee that proportionally corresponds to the aforementioned assets or rights.
The maximum deduction limit will be 4,000 euros per taxpayer.
Loss of the right to the deduction made
Failure to comply with the requirements established in the deductions of Personal Income Tax will determine the loss of this deduction.
This deduction will be incompatible with the deductions " For investment in agricultural companies " and " For participation in the equity of entities that exploit real estate in historic centers ".