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Practical Income Manual 2022.

Amortization: tax-deductible provisions for the year

Amortization constitutes one of the deductible expense items in determining the accounting result .

Amortization of tangible and intangible assets and real estate investments corresponding to the effective depreciation suffered by the different elements due to operation, use, enjoyment or obsolescence are deductible.

The tax deductibility of amortizations, in accordance with the provisions of article 12 LIS and articles 3 to 7 of its Regulations, is conditional on compliance with a series of requirements and general rules. which are examined in the following sections:

  1. General requirements
  2. Amortization rules
  3. Amortization freedom assumptions
  4. Tax specialties of amortizations in the simplified modality