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Practical manual for Income Tax 2024. Part 2. Autonomous community deductions

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

Regulations: Art. 14 octodecies Consolidated Text of the legal provisions of the Principality of Asturias regarding taxes ceded by the State, approved by Legislative Decree 2/2014, of October 22

Amount and maximum limit of the deduction

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

  • The applicable deduction limit will be 6,000 euros per year .

    In the case of joint taxation the aforementioned limit will apply to investments made by each of the members of the family unit who meet the requirements indicated below.

Requirements and other conditions for the application of the deduction

  • That, as a consequence of the participation acquired by the taxpayer, computed together with the participation held in the same entity by his/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 included, more than 40% of the total share capital of the entity or its voting rights are held during any day of the calendar year.

  • That said participation is maintained for a minimum of three years.

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

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

    2. That it has the status of microenterprise or small and medium-sized enterprise .

    3. That develops a economic activity .

      For these purposes, the entity will not be considered to carry out an economic activity when its main activity is the management of movable or immovable assets, in accordance with the provisions of article 4.Eight.Two.a) of Law 19/1991, of June 6, on the Wealth Tax.

    4. That, in the case in which the investment made corresponds to the constitution of the entity , from the first fiscal year this entity has at least one person hired with a full-time employment contract, registered in the General Social Security Regime.

    5. That, in the case where 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 increases with respect to the average workforce it had in the previous twelve months by at least one person with the previous requirements and said increase is 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.

Important: Once the information required for the calculation of the deduction has been entered by the taxpayers entitled to it, it will be automatically transferred to the section "Additional information on the regional deduction for investment in the acquisition of shares and equity interests in new or recently created entities in Andalusia, Aragon, the Principality of Asturias, the Balearic Islands, Cantabria, Castile and León, Castile-La Mancha, Catalonia, Extremadura, Galicia, Madrid, Murcia and the Valencian Community" in Annex B.9 of the declaration.