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Practical Manual of Companies 2022.

Freedom to depreciate new tangible fixed assets

article 12.3.e) of the LIS establishes a new assumption of freedom of amortization for the elements of 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 of less than one year , the indicated limit will be the result of multiplying 25,000 euros by the proportion between the duration of the tax period with respect to the year.

Filling in form 200

In application of the provisions of this provision, the following adjustments must be made in boxes [01003] and [01004] «Freedom of amortization of new fixed assets (art. 12.3.e) LIS )» on page 12 of model 200:

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

  • In box [01003] of increases, the amount of the amortization of the referred expenses recorded in the tax period object of declaration will be entered deducted ##3##in previous tax periods through the corresponding reduction to the accounting result. Likewise, in the event of transfer of the element that has taken advantage of the freedom of amortization, in the tax period in which it is transferred it must be included in this box [01003 ] with a positive sign in the tax base, the amount of the negative adjustments made previously and that have not yet been integrated.