Example: Deduction for investment in new elements of tangible assets or real estate investments used for economic activities
Don PHV is the owner of an economic activity whose net return is determined by the direct estimation method, normal modality.
During 2021, it meets the requirements to be considered a small-sized entity and obtains net income from the activity in the amount of 45,000 euros, with the general liquidable base for the year corresponding to those income of 43,200 euros and the sum of its full state quota. and regional of 10,673 euros.
On September 5, 2021, with the profits obtained during the year, he acquired new machinery for his company for an amount of 25,000 euros, which was delivered to him in November of that year.
Determine the amount of the investment deduction.
Solution:
Net income from economic activities for fiscal year 2021: 45,000
Amount invested in 2021 (1) = 25,000
Basis of deduction (amount invested with the limit of 43,200) (2) = 25,000
Deduction amount: (25,000 x 5%) (3) = 1,250
Maximum limit of the amount (sum of your full state and regional quota) = 10,673
Notes to the example:
(1) The amount of net income from economic activities obtained in 2021 that is invested in new affected items will be recorded in box [0833] of the annex A.4 of the declaration. (Back)
(2) It is the amount with the right to deduction with the limit of the general positive tax base for 2021 that corresponds to such income and will be entered in box [0834] of annex A.4 of the declaration. (Back)
(3) The amount of the deduction does not exceed the sum of the full state and regional contribution for the 2021 financial year, so, in this case, it will be entered in its entirety in box [0835] of annex A.4 of the declaration. (Back)
Note: In Annex A.4 of the declaration, box [0830] will be recorded in the amount of the net income from economic activities obtained in 2020 that is invested in 2021 in new items affected and in boxes [0831] and [0832] , respectively, the amount entitled to deduction and the amount of the deduction. Likewise, when it comes to income obtained in 2021 that is invested in that same year in new items, the amount will be entered in box [0833] and in boxes [0834] and [0835] , respectively, the amount entitled to deduction and the amount of the deduction.