10.11.8. For investment in the acquisition of shares or equity interests in new or recently created entities

Taxpayers may deduct from their total regional tax 20 percent of the amounts invested during the year in the acquisition of shares or corporate interests as a result of agreements to establish companies or increase capital in public limited companies, limited companies, cooperative companies, public limited companies or limited company companies, with a maximum limit of 4,000 euros .

The following requirements must be met:

1. The taxpayer's participation, computed together with that of the spouse or persons related by reason of kinship, in a direct or collateral line, by consanguinity or affinity up to the third degree included, may not be greater than 40% or less than 1% of the share capital of the company that is the object of the investment or its voting rights at any time and during the three years following its incorporation or expansion.

2. The entity in which the investment is to be made must meet the following requirements:

   1. It must have its registered office and tax domicile in Galicia and maintain it for three years following its incorporation or expansion.

   2. It must carry out an economic activity during the three years following its incorporation or expansion. For this purpose, its main activity must not be the management of movable or immovable assets.

   3. It must have, at least, two people employed with a full-time employment contract, registered with the General Social Security Regime, and with habitual residence in Galicia, for three years following its incorporation or expansion.

   4. If the investment was made through a capital increase, or the loan or guarantee was made in the year of an increase, the commercial company must have been incorporated in the three years prior to the date of this increase, and in addition, during the 24 months following the date of the start of the corporate tax period in which the increase was made, its average workforce with habitual residence in Galicia had increased by at least two people with respect to the average workforce with habitual residence in Galicia in the previous 12 months, and that said increase is maintained for an additional period of another 24 months, except in the case of worker-owned companies or cooperative companies.

      To calculate the company's total average workforce and its increase, the number of people employed will be taken into account, in accordance with the terms established by labour legislation, taking into account the contracted working hours in relation to the full working day.

3. Transactions to 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.

4. The shares acquired must remain in the taxpayer's assets for a minimum period of three years following the incorporation or expansion.

Completion: You must indicate in the box provided for this purpose in Annex B6 the amounts invested with the right to deduction.

In the case of marriage, and if the investment is common to both, 50% must be reported in the declaration of each spouse.

The program will transfer the amount from Annex B6