Tax incentives for Business Angels in Spain
Abstract
Business Angels have become more important in Spain in the last years, as proved by the different proposals submitted in the Congress between 2005 and 2013. In these proposals Business Angels have been recognized as an alternative source of finance to traditional financing and an important support for entrepreneurs. In these proposals, different political groups, at different times, have requested a legal framework and tax incentives for Business Angels.
This article has three parts. In the first part, describes the long way to the recognition of tax incentives on the part of the State, to the Business Angels in the Income Tax, as it emerges from the draft Bill to support entrepreneurs and their internationalization of July of 2013.
In the second part analyzes the treatment received by these investments in the Corporation Tax, Property Tax and Inheritance Tax. Finally, the third part deepens in Income Tax, focusing especially on the deductions, approved by Autonomus Communities for acquisition of shares.
Downloads
Article download
Crossmark
License
In order to support the global exchange of knowledge, the journal Revesco. Revista de Estudios Cooperativos is allowing unrestricted access to its content as from its publication in this electronic edition, and as such it is an open-access journal. The originals published in this journal are the property of the Complutense University of Madrid and any reproduction thereof in full or in part must cite the source. All content is distributed under a Creative Commons Attribution 4.0 use and distribution licence (CC BY 4.0). This circumstance must be expressly stated in these terms where necessary. You can view the summary and the complete legal text of the licence.
