Freedom to depreciate new tangible fixed assets

Article 12.3.e) of the LIS establishes a new assumption of freedom of depreciation for new tangible fixed assets that have little value specifically for those whose unit value does not exceed 300 euros, up to the limit of 25,000 euros referring to the tax period. If the tax period has a duration less than year, the limit indicated will be the result of multiplying 25,000 euros by the proportion 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 must be made in boxes [ ] and [01004] "Freedom of depreciation of new tangible fixed assets (art. 12.3.e) LIS)" on page 12 of form 200:

• In box [01004] of decreases, the excess of amortization over the accounting amortization that is deductible for the expenses referred to in letter e) of article 12.3 of the LIS in the tax period subject to declaration will be recorded.

• In box [01003] of increases, the amount of the amortization of the expenses referred to recorded in the tax period subject to declaration deducted in previous tax periods through the corresponding decrease in the accounting result. Likewise, in the case of transfer of the element that has benefited from the freedom of amortization, in the tax period in which it is transferred, the amount of the negative adjustments made previously and that have not yet been integrated must be included in this box [01003] with a positive sign in the tax base.