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Form 100. Personal Income Tax Declaration 2018

10.11.14. By investment in agricultural companies and cooperative societies

Taxpayers may deduct 20 percent of the amounts invested in the acquisition of social capital as a result of agreements to establish companies or increase capital in agricultural companies and agricultural cooperative societies or community exploitation of the land.

Also deductible, with respect to the same entities, 20 percent of the amounts transferred on loan or personally guaranteed by the taxpayer, at the time of the incorporation of the company or the expansion of capital of this.


- The taxpayer's participation cannot exceed 40 percent of the entity's share capital.

- The entities subject to investment must have their registered office and tax address in Galicia.

- They must have agricultural activity as their exclusive corporate purpose.

- The operations subject to deduction must be formalized in a public deed.

- The shares must be maintained for a minimum period of three years in the taxpayer's assets, following the constitution or increase.

- In the case of loans, they must refer to financing operations with a term equal to or greater than 5 years.

In the case of guarantees, these must extend throughout the duration of the operation, and may not be less than five years.

Incompatibility, this deduction is incompatible, for the same investments, with the deductions "For investment in the acquisition of shares or social participations in new or recently created entities", For investment in the acquisition of shares or social participations in new or recently created entities and their financing", and "By investment in shares of entities that are listed in the segment of expanding companies of the alternative stock market."


The program gives the possibility of including up to two entities that are the subject of the investment; it must necessarily record the amounts invested in the entities, as well as their NIF.