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V0685-24 ·15 April 2024 ·consulta-vinculante Medium impact
Tax

Deduction for investment in new businesses applies in year of payment to company

The DGT confirms that the deduction for investment in newly created companies is applicable in the tax period when payments are made to the company, provided the public deed and registration requirements are met.

In 6 key points

How it affects those involved

The deduction is recognised in the tax year when funds are paid to the company, not when registration occurs.

Lifecycle

2024-04-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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