Example: Deduction for investment in new elements of tangible assets or real estate investments used for economic activities
Mr. PHV is the owner of an economic activity whose net income is determined by the direct estimation method, normal mode.
During 2023, it meets the requirements to be considered a small entity and obtains net income from the activity amounting to 45,000 euros, with the general taxable base for the year corresponding to these earnings being 43,200 euros and the sum of its full state and regional tax rate of 10,673 euros.
On September 5, 2023, with the profits obtained in the year, he acquires new machinery for his company for an amount of 25,000 euros, which is delivered to him in November of that year.
Determine the amount of the investment deduction.
Solution:
Net income from economic activities for the year 2023: 45,000
Amount invested in 2023 (1) = 25,000
Deduction base (invested amount with the limit of 43,200) (2) = 25,000
Deduction amount: (25,000 x 5%) (3) = 1,250
Maximum amount limit (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 2023 that is invested in new affected items will be recorded in box [0833] of Annex A.5 of the declaration. (Back)
(2) It is the amount entitled to deduction with the limit of the positive general taxable base of 2023 that corresponds to such income and will be recorded in box [0834] of Annex A.5 of the declaration. (Back)
(3) The amount of the deduction does not exceed the sum of the full state and regional quota for the year 2023, so in this case it will be recorded in full in box [0835] of Annex A.5 of the declaration. (Back)
Note: In Annex A.6 of the declaration, the amount of net income from economic activities obtained in 2022 that is invested in 2023 in new affected items shall be entered in box [0830] 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 2023 that is invested in that same year in new affected elements, their amount will be recorded in box [0833] and in boxes [0834] and [0835] , respectively, the amount with the right to deduction and the amount of the deduction.