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Practical Income Manual 2021.

Phase 2: Determination of the net reduced return

The determination of the reduced net return is the result of deducting from the previous net return determined in phase 1 above the amounts that, as amortization of tangible and intangible assets (except forestry activities), correspond to the effective depreciation suffered by the different elements. due to operation, use, enjoyment or obsolescence.

To establish the amortization of tangible and intangible assets, the following must be taken into account:

  1. Amortization table
  2. Particular rules for the application of the amortization table