10.2.14. For investment in social economy entities.

With effect from 1 January 2016, the taxpayer may apply a deduction of 20 percent of the amounts invested during the year in contributions made for the purpose of becoming a partner in entities that form part of the social economy referred to in the following section. The maximum amount of this deduction is 4,000 euros.

1. The application of this deduction is subject to compliance with the following requirements and conditions:

   1. The participation achieved by the taxpayer computed together with that of the spouse or persons related by reason of kinship, in a direct or collateral line, by consanguinity or affinity up to the third degree included, may not exceed 40% of the capital of the entity that is the object of the investment or its voting rights.

   2. The entity in which the investment is to be made must meet the following requirements:

      1. Be part of the social economy, under the terms set out in Law 5/2011, of March 29, on the Social Economy.

      2. Have your tax and corporate domicile in Aragon.

      3. Have at least one person employed with a full-time employment contract, and registered in the general Social Security system.

   3. Transactions in which the deduction is applicable must be formalized in a public deed, which will record the identity of the investors and the amount of the respective investment.

   4. Contributions must remain in the taxpayer's assets for a minimum period of five years.

   5. The requirements set out in letters a, b and c of section 2.2 must be met for a minimum period of five years from the date of the contribution.

   The requirements established in letters a, b and c of section 1.2. must be met for a minimum period of five years from the date of the contribution.

2. Failure to comply with the requirements and conditions set out in sections 1.1., 1.4. and 1.5. The above will result in the loss of the tax benefit and, in such case, the taxpayer must include in the tax return for the year in which the breach occurred the part of the tax that was not paid as a result of the deduction made, together with any accrued late payment interest.

3. This deduction will be incompatible, for the same investments, with the deduction for investment in shares of entities listed in the expansion segment of the Alternative Stock Market, and with the deduction for investment in the acquisition of shares or corporate interests in new or recently created entities.

COMPLETION:

You must directly enter the amounts invested with the right to deduction in the window.