10.3.25. By investment in the acquisition of shares and social participations of new or recently created entities

Amount

30% of the amounts invested during the financial year in the acquisition of shares and corporate interests as a result of agreements to establish companies or to increase capital in commercial companies that take the form of a public limited company, a limited liability company, and a cooperative company, including worker-owned companies.

The deduction limit is euros per year

In the case of joint taxation, the aforementioned limit will apply to investments made by each member of the family unit who meets the requirements.

Requirements and conditions

• That, as a result of the participation acquired by the taxpayer, together with that held in the same entity by his or her spouse or persons related to the taxpayer by reason of kinship, in a direct or collateral line, by consanguinity or affinity up to the third degree inclusive, he or she does not hold more than 40% of the total share capital of the entity or its voting rights on any day of the calendar year.

• That participation in the entity be maintained for a minimum of three years.

• That the entity from which the shares or interests are acquired meets the following requirements:

  • That it has its registered office and tax domicile in the Principality of Asturias.

  • That it has the status of a micro-enterprise or small and medium-sized enterprise.

  • That develops an economic activity. For these purposes, the entity will not be considered to be carrying out an economic activity if its main activity is the management of movable or immovable assets, in accordance with the provisions of the Wealth Tax Law.

  • That, in the event that the investment made corresponds to the establishment of the entity, from the first fiscal year it has at least one person hired with a full-time employment contract and registered with the General Social Security Regime.

  • That, in the event that the investment made corresponds to a capital increase of the entity, said entity had been established within the three years prior to the capital increase and that the average workforce of the entity during the two fiscal years following the increase has increased with respect to the average workforce it had in the previous twelve months by at least one person who meets the previous requirements, and that said increase has been maintained for at least another twenty-four months. To calculate the total average workforce of the entity and its increase, the persons employed in accordance with the terms established by labour legislation will be taken into account, taking into account the contracted working day in relation to the full working day.

Completion

You will record the amount invested and the entity's NIF.

The program will transfer the data to Annex B.9 of the declaration.