Particular rules for the application of the amortization table

Regulations: Additional Provision Fifty-ninth Law PIT

• The usable amortization coefficient can be any percentage between the maximum and 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 by the company itself, excluding:

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

    According to Royal Decree 1514/2007, of November 16, which approves the General Accounting Plan ( BOE of November 20), the residual value of an asset is the amount that the company estimates it could obtain at the current time from its sale or other form of disposal, once the sales costs have been deducted, taking into consideration that the asset has reached the age and other conditions that it is expected to have at the end of its useful life.

  • 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.

  • He VAT supported in its acquisition or production when the good is affected by 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.

• Tangible fixed assets will begin to be depreciated from the moment they are put into operating condition and intangible fixed assets from the moment they are in a condition to generate income.

• The useful life 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.

• New tangible fixed assets , made available to the taxpayer in the 2024 financial year, whose unit value does not exceed 601.01 euros, may be freely depreciated, 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.

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

• From 1 January 2024 , taxpayers who carry out their economic activity using the objective estimation method may apply the freedom of amortisation provided for in the Eighteenth Additional Provision of the LIS for certain vehicles and new charging infrastructures related to the aforementioned economic activity, subject to certain requirements.

  For these purposes, see the section dedicated to “Depreciation of certain vehicles and new charging infrastructure” in Chapter 7 of this manual, specifically the corresponding subsection “B. Other taxpayers”