Autonomous Community of Cantabria

General bonus

Regulations: Art. 4 bis and Additional Provision Three Consolidated Text of the legal provisions of the Autonomous Community of Cantabria regarding taxes ceded by the State, approved by Legislative Decree 62/2008, of June 19

Note: With effect from 1 January 2024, a 100% discount on the reduced rate is established for IP taxpayers whose net assets do not exceed 3,000,000 euros, once the exempt minimum of 700,000 euros has been discounted, who are not taxpayers under the ITSGF .

The 100 percent of the reduced quota. The amount corresponding to this bonus will be entered in box [50] of the declaration form.

This tax credit will not apply when the taxpayer's net assets exceed €3,000,000 after deducting the exempt minimum of €700,000, while the Temporary Solidarity Tax on Large Fortunes is in effect.

Instead, the taxpayer may apply a regional tax credit determined by the difference, if any, between the total full tax liability for the Tax itself, once the joint limit established in Article 31 of Law 19/1991, of June 6, on Wealth Tax has been applied (i.e., the IP tax liability and the Personal Income Tax liability), and, where applicable, the total full tax liability that would correspond to the Temporary Solidarity Tax on Large Fortunes, once the joint limit established in Article 3.Twelve of Law 38/2022, of December 27, has been applied (i.e., the full ITSGF tax liability, together with the Personal Income Tax and IP tax liability).

For these purposes, please note that Royal Decree-Law 8/2023, of December 27, has extended the application of the ITSGF, approved by Law 38/2022, of December 27, initially planned only for the tax periods 2022 and 2023.