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V0137-20 21 January 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · deducción por inversión

Tax deduction for investment in startups via crowdfunding platforms may be applicable

The taxpayer asks whether they can claim the tax deduction for investing in startups after investing through a UK-based equity crowdfunding platform. The Directorate General for Taxes (DGT) rules that this is possible, provided all legal requirements are met.

The question raised

Application by the taxpayer of the deduction for investment in newly or recently created companies regulated in Article 68.1 of the Personal Income Tax Law, in the event that the Spanish company meets the requirements for the enjoyment of the deduction.

The DGT's ruling

The regulations require the taxpayer to acquire the shares or interests, thereby becoming a direct shareholder or partner of the entity. The law does not establish requirements regarding the investment procedure or the involvement of financing platforms. Therefore, if the requirements of Article 68.1 of the Personal Income Tax Law are met, the partners may claim the deduction even if they use crowdfunding tools.

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