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Practical Handbook for Companies 2021

Freedom to depreciate new tangible fixed assets

The article 12.3.e) of the LIS establishes a new case of freedom of depreciation for new items of tangible fixed assets that have a low value, specifically for those whose unit value does not exceed 300 euros, up to the limit of 25,000 euros for the tax period.If the tax period has a duration of less than one year, the limit will be the result of multiplying 25,000 euros by the ratio between the duration of the tax period and the year.

Filling in form 200

In application of the provisions of this precept, the following adjustments will have to be made in the boxes [01003] and [01004] "Freedom of depreciation of new tangible fixed assets (art. 12.3.e) LIS)" on page 12 of form 200:

  • In the box [01004] of decreases, enter the excess depreciation over the deductible accounting depreciation for the expenses referred to in letter e) of Article 12.3 of the LIS in the tax period being reported.

  • In the box [01003] of increases, the amount of the depreciation of the expenses referred to in the tax period being reported deducted in previous tax periods shall be entered by means of the corresponding decrease in the accounting result.Likewise, in the case of the transfer of the item that has benefited from the freedom of depreciation, in the tax period in which it is transferred, the amount of the negative adjustments made previously and which have not yet been included should be included in this box [01003] with a positive sign in the tax base.