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Form 100. Personal Income Tax Return Declaration 2017

10.11.10. For investment in shares of entities listed in the expansion companies segment of the Alternative Stock Market

Taxpayers will be able to deduct 15% of the amounts invested during the year in the acquisition of shares as a result of capital increase agreements signed through the expansion companies segment of the Alternative Stock Market, approved by agreement of the Council of Ministers of December 30, 2005.

The calculated deduction will be prorated equally in the year in which the investment is made and in the three following years.

MAXIMUM DEDUCTION LIMIT:

The deduction will have a limit euros. The total deduction calculated will be prorated equally in the year in which the investment is made and in the three following years.

REQUIREMENTS:

  1. The participation obtained by the taxpayer in the company that is the object of the investment cannot exceed 10% of its share capital.

  2. The acquired shares must be kept in the taxpayer's assets for a period of least three years.

  3. The company that is the object of the investment must have its registered office and tax domicile in Galicia, and its main activity must not be the management of movable or immovable assets, in accordance with the provisions of article 4.8.Two.a) of the State Law 19/1991, of June 6, on wealth tax.

The requirements indicated in letters a) and c) above must be met for a period of at least three years, counted from the date of acquisition of the share.

Transactions in which the deduction is applicable must be formalized in a public deed in which the identity of the investors and the amount of the respective investment must be specified.

INCOMPATIBILITY:

This deduction will be incompatible, for the same investments, with the deductions for the creation of new companies or the expansion of the activity of recently created companies and for investment in the acquisition of shares or interests in new or recently created entities."

FAILURE TO COMPLY WITH REQUIREMENTS:

Failure to comply with the above requirements entails the loss of the tax benefit, and the taxpayer must include in the tax return for the year in which the failure occurred the portion of the tax that was not paid as a result of the application of the deduction made, together with any accrued late payment interest.

COMPLETION: A data capture window will open in Annex B6 in which you must indicate the amount paid in previous years with the right to the deduction. The program will transfer the amounts from Annex B6