4.2.12 Keys 01003 and 01004 freedom of depreciation of new tangible fixed assets (Art. 12.3.e) LIS)

Letter e) of section 3 of article 12 of the LIS establishes a new assumption of free depreciation for new tangible fixed assets, whose unit value does not exceed 300 euros, up to the limit of 25,000 euros referring to the tax period. If the tax period were less than one year long, the stated limit would be the result of multiplying 25,000 euros by the corresponding proportion between the duration of the tax period with respect to the whole year.

In key [01004] (decreases) the excess amortization over the accounting amortization that is deductible for the expenses referred to in the aforementioned letter e) in the tax period subject to declaration will be recorded.

In key [01003] (increases) the amount of the amortization of the referred expenses recorded in the tax period subject to declaration and that has been deducted in previous tax periods through the corresponding decrease will be recorded.

Likewise, in the event of the transfer of an item that has benefited from free depreciation, in the tax period in which it is transferred, the amount of negative adjustments made previously and that have not yet been integrated with a positive sign in the tax base must be included in this key.