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Form 100. Personal Income Tax Declaration 2018

10.11.8. By investment in the acquisition of shares or stakes in new or recently created entities

Taxpayers may deduct from the full regional quota 20 percent of the amounts invested during the year in the acquisition of shares or corporate participations as a result of agreements to establish companies or expand capital in public limited companies, cooperatives, labor limited companies or limited labor companies, with a maximum limit of 4,000 euros .

The following requirements must be met:

  1. The taxpayer's participation, computed together with that of the spouse or persons linked by reason of kinship, in a direct or collateral line, by consanguinity or affinity up to the third degree included, cannot be more than 40% nor less than 1% of the share capital. of the company object of the investment or its voting rights at any time and for three years following the constitution or expansion.

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

    1. It must have its registered office and tax address in Galicia and maintain it for the three years following the constitution or expansion.

    2. It must carry out an economic activity during the three years following the constitution or expansion. To this end, the main activity must not be the management of movable or real estate assets.

    3. It must have, at least, two people employed with a full-time employment contract, registered in the General Social Security Regime, and with habitual residence in Galicia, during the three years following the constitution or extension.

    4. In the event that the investment was made through a capital increase, or the loan or guarantee had been made in the exercise of an increase, the commercial company must have been incorporated in the three years prior to the date of this increase, and in that in addition, during the 24 months following the date of the beginning of the corporate tax tax period in which the increase had been carried out, its average workforce with habitual residence in Galicia would have increased by at least two people with respect to the workforce. average with habitual residence in Galicia in the previous 12 months, and that said increase is maintained for an additional period of another 24 months, except in the case of labor companies or cooperative societies.

      To calculate the company's total average workforce and its increase, the people employed will be taken, in the terms provided by labor legislation, taking into account the contracted day in relation to the full day.

  3. The operations in which the deduction is applicable must be formalized in a public deed, in which the identity of the investors and the amount of the respective investment must be specified.

  4. The acquired shares must be maintained in the taxpayer's assets for a minimum period of three years following the constitution or expansion.

Completion: You must indicate in the box provided for this purpose, in Annex B6, the amounts invested with the right to deduction.

In the case of marriage, and if the investment is common to both, 50% must be entered in the declaration of each spouse.

The program will transfer the amount from Annex B6