Skip to content
V0795-22 ·11 April 2022 ·consulta-vinculante Medium impact
Tax

Tax relief for investment in start-ups requires the subscription of shares or holdings

A query was raised regarding whether investing in start-ups through participating loans or convertible notes qualifies for Personal Income Tax (IRPF) relief. The Directorate General for Taxes (DGT) ruled that the deduction requires the subscription of shares or holdings, rather than the provision of financing.

In 6 key points

How it affects those involved

Investors seeking tax relief for supporting new businesses must ensure their investment takes the form of equity (shares or holdings) rather than debt-based instruments like participating loans or convertible notes.

Lifecycle

2022-04-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact