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

Letter e) of section 3 of article 12 of LIS establishes a new assumption of freedom of depreciation for new tangible fixed assets, whose unit value does not exceed 300 euros, until 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.

Key [01004] (decreases) will record the excess amortization that is deductible over the accounting amortization for the expenses referred to in the aforementioned letter e) in the tax period being declared.

Key [01003] (increases) will record the amount of amortization of the aforementioned expenses recorded in the tax period being declared and that has been deducted in previous tax periods through the corresponding decrease.

Likewise, in the event of transfer of the element that has taken advantage of the freedom of amortization, in the tax period in which it is transferred, the amount of the negative adjustments made previously and that have not yet been integrated with the tax code must be included in this code. positive sign in the tax base.