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Practical Income Manual 2021.

Particular rules for the application of the amortization table

  • The usable depreciation ratio can be any percentage between the maximum and minimum . This last percentage is the result of dividing 100 by the maximum period listed in the table for each group of elements.

  • The amortization coefficient is applied to the acquisition price or production cost if the element has been produced by the company itself, excluding:

    • The residual value, if applicable, for all items.

    • The value of land for buildings. When the part of the acquisition price corresponding to the value of the land is not known, this value will be determined by prorating the acquisition price between the cadastral values of the land and the construction in the year of acquisition.

    • The VAT borne in its acquisition or production when the good is used for an economic activity included in the simplified regime of the aforementioned Tax.

  • Amortization must be carried out element by element , although in the case of assets included in the same Group of the Amortization Table, amortization may be carried out on all of them, provided that in The amortization corresponding to each asset element can be known at all times.

  • The assets of tangible fixed assets will begin to be amortized from the moment they are put into operating condition and those of intangible fixed assets from the moment they are in a position to produce income.

  • The useful life cannot exceed the maximum amortization period established in the table for each type of element.

  • In the case of property, plant and equipment that are acquired used, amortization will be carried out on the acquisition price, up to the limit resulting from multiplying by two the amount derived from applying the maximum linear amortization coefficient.

  • In the event of transfer of use of assets with a purchase or renewal option , when due to the economic conditions of the operation there are no reasonable doubts that one or another option will be exercised, it will be deductible for the transferee, as amortization, an amount equivalent to the amortization installments that would correspond to the aforementioned goods, applying the coefficients provided in the Amortization Table on the acquisition price or production cost of the good.

  • New tangible fixed assets , made available to the taxpayer in fiscal year 2021 , whose unit value does not exceed 601.01 euros, may be depreciated freely, up to the limit of 3,005.06 euros per year.

  • In any case, documentary evidence of the acquisition of the depreciable elements must be available and they must be duly recorded in the corresponding investment property record book.

  • For acquisitions of new assets carried out between January 1, 2003 and December 31, 2004 , the maximum applicable linear amortization coefficients will be the result of multiplying those indicated by 1.1 in the frame. The new coefficient thus determined will be applicable during the useful life of the new assets acquired in the aforementioned period.