Skip to main content
Form 100. Personal Income Tax Return 2022

10.11.14. For investment in companies that carry out agricultural activities

Amount

Taxpayers may deduct, up to a total limit of 20,000 euros, 20% of the amounts or, in the case of non-monetary contributions, the value of the assets that they allocate in the year to the following investments:

  1. Acquisition of share capital as a result of agreements to form companies or increase capital, as well as any contribution to reserves in:

    • Forestry development companies regulated by Law 7/2012, of June 28, on the forests of Galicia, and other types of joint management companies.

    • Agricultural entities, agricultural cooperatives or community land exploitation entities whose exclusive purpose is agricultural activities.

    • Entities whose purpose is the mobilization or recovery of agricultural land in Galicia under the instruments provided for in Law 11/2021, of May 14, on the recovery of agricultural land in Galicia.

  2. Loans made in favor of the same entities mentioned in point 1 above, as well as guarantees that the taxpayer personally constitutes in favor of these entities.

  3. Contributions made by capital partners to joint accounts established for the development of agricultural activities and in which the managing partner is one of the entities mentioned in point 1. former.

Requirements

  • The operations must be formalized in a public deed, which must specify the identity of the taxpayers who intend to apply this deduction and the amount of the respective operation.

  • The investments made must remain in the taxpayer's assets for a minimum period of five years, counted from the day following the date on which the transaction is formalized in a public deed.

    In the case of financing operations, the maturity period must be greater than or equal to five years, without being able to amortize an amount greater than 20% per year of the principal amount. The guarantees established must be maintained during the same five-year period.

  • The taxpayer may be a member of the board of directors of the company in which the investment was made, but in no case may he/she carry out executive or management functions for a period of ten years, nor may he/she maintain an employment relationship with the entity that is the object of the investment during that same period, except in the case of worker-owned companies or cooperative companies.

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 "For investment in shares of entities listed in the segment of expanding companies on the alternative stock market".

Completion

You must indicate the amount of the investment eligible for the deduction and the NIF of the entity.