Concept of capital goods

Capital goods are tangible or movable property, livestock or real-estate property that, given its nature and function, is normally intended to be used for a period of more than one year as an instrument of work or means of exploitation.

The following are not considered capital goods:

• Accessories, spare parts and works for the repair of capital goods.

• Containers and packaging, even if they can be reused.

• Clothing used for work by taxpayers or their staff.

• Any other property worth less than 3,005.06 euros.