8.2.6.2.4.5. Cost price

Through a data capture window you must indicate the following concepts:

• Amount of acquisition

  As a general rule, the actual amount for which the acquisition was made will be recorded.

  When the acquisition or transfer was for profit (inheritance or donation), the actual amount will be taken as the result of applying the rules of the Inheritance and Gift Tax.

  Transfer of elements related to economic activities

  If it is the transfer of an element related to an economic activity, the acquisition price or production cost of the transferred element will be recorded, taking into account tax-deductible amortizations.

  Note: The program does not contemplate the calculation of profits or losses derived from assets covered by the Balance Sheet Update.

• Expenses and taxes

  These boxes will include the expenses and taxes inherent to the acquisition, excluding interest, that have been paid by the purchaser.

Repayments

In the case of the transfer of assets whose amortization has been tax deductible (leased properties or assets used for economic activities), the tax deductible amortizations will be recorded in the year in which they were deducted.

The acquisition value for affected elements, taking into account the above, will consist of:

• The acquisition value of the asset (or production cost or allocation value)

• plus : The cost of investments or improvements made to the transferred item.

• Less : The amount of tax-deductible amortization, taking into account, in all cases, the minimum amortization.

• Less : The amount of any partial sales that may have been made previously, as well as any losses suffered by the asset.