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Practical Heritage Manual 2023.

Due to the creation of new companies or expansion of the activity of recently created companies

Regulations: Art. 13 ter.One Revised 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 is any to which the deductions were applied in the autonomous integral quota of the IRPF relating to the creation of new companies or expansion of the activity of recently created companies, or investment in the acquisition of shares or social participations in new or recently created entities.

Amount and maximum limit of the deduction

  • 75% of the portion of the share 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 set forth in the IRPF deductions will result in the loss of this deduction.

Incompatibility

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 ".