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Practical manual for Income Tax 2021.

Particular rules for the application of the amortization table

Regulations:Instructions 2.2 of Annexes I and II of Order HAC/1155/2020, of November 25 ( BOE of December 4)

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

  • The depreciation coefficient is applied to the acquisition price or production cost , if the item has been produced in the company itself, excluding:

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

    • The value of land for buildings. When the portion of the acquisition price corresponding to the value of the land is not known, this value will be determined by apportioning 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 when it concerns assets integrated into the same group of the Amortization Table, amortization may be carried out on the set of them, provided that the amortization corresponding to each asset can be known at all times.

  • fixed assets will begin to be depreciated from the moment they are put into working order, and intangible fixed assets from the moment they are ready to generate income. The amortization period cannot exceed the maximum amortization period established in the table for each type of item.

  • In the case of tangible fixed assets that are acquired used , depreciation 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 depreciation coefficient.

  • In the event of transfer of use of assets with an option to purchase or renew , when due to the economic conditions of the operation there are no reasonable doubts that one or the other option will be exercised, the transferee shall be deductible, as amortization, an amount equivalent to the amortization instalments that would correspond to the aforementioned assets, applying the coefficients provided for in the amortization table to the acquisition price or production cost of the asset.

  • Regarding the new tangible fixed assets , made available to the taxpayer in the 2021 financial year, whose unit value does not exceed 601.01 euros, they may be freely amortized, up to the limit of 3,005.06 euros per year.

  • In any case, the documentary evidence of the acquisition of the amortizable elements must be available and they must be duly registered in the corresponding investment asset registry book.