10.15.26 For donations or transfers of use or loan for other purposes

Taxpayers may deduct 25 percent of the amounts valued at donations or loans for use or on loan made to non-professional cultural, scientific or sports projects or activities declared or considered to be of social interest. (This deduction is not applicable to taxpayers who died before July 28, 2018)

Requirements:

- That donations or loans for use or loan are made in favor of the beneficiary persons or entities of article 3 of Law 20/2018 of the Generalitat. in other words: 

1- Non-profit entities, associations declared of public utility, sports federations and associations, etc.

2- The Generalitat, its public bodies and the instrumental public sector of the Generalitat.

3- Local entities of the Valencian Community, their public bodies and consortia that depend on them.

4- The public and private universities of the Valencian Community, their foundations and the colleges attached to them.

5- institutes and research centers.

6- Higher centers of artistic education

7- Cultural companies that have their tax domicile in the Valencian Community.

8- natural persons resident and with tax domicile in the Community who regularly carry out non-professional cultural, scientific and sporting activities

9- the museums and museum collections recognised by the Generalitat Valenciana, as well as the archives in the Valencian Community.

BASIS OF DEDUCTION

- In monetary donations, their amount.

- In the constitution of a real right of usufruct of real estate, 4 percent of the cadastral value each fiscal year.

- In the constitution of a real right of usufruct over securities, the annual amount of dividends or interest.

- In the creation of a real right of usufruct over property or rights, the annual amount resulting from applying the legal interest of money to the value of the usufruct determined at the time of its creation.

- In the donation of assets of cultural interest, the valuation carried out by the Board of Valuation of assets of the Valencian Cultural Heritage.

- In the case of loans for use or loan, 4 percent of the valuation of the property.

In the case of the delivery of monetary amounts, they must necessarily be made by credit or debit card, bank transfer, personal check or deposit into accounts in credit institutions.

Completion

You must enter the amounts that form part of the deduction base in the box provided for this purpose. The program will calculate the deduction amount.