Deduction of investment goods

The DGT points out that classification as an investment good is conditional on its acquisition value being greater than 3,005.06 €.

A natural person who participates in a community of property is going to acquire a computer with the intention of using it in the property rental activity that he carries out through said community of property. Faced with the doubt as to whether this fee is deductible or not, he submits a query to the DGT.

The DGT considers that communities of property that organise a set of personal and material means, independently and under their responsibility, to carry out an economic activity by means of the continuous supply of goods or services, assuming the risk and chance that may arise, have the status of an entrepreneur for tax purposes.

The right to deduct the tax liability requires that the goods acquired are used exclusively and directly in the performance of business or professional activities which are subject to and not exempt from tax.

It is not necessary for assets that can be classified as investment goods to be used exclusively. This classification allows the deduction to be made according to the degree of allocation to the economic activity subject to and not exempt from tax.

For these purposes, tangible, movable, movable, semi-movable or immovable assets that by their nature and function are to be used in the economic activity for a period of more than one year are considered to be an investment. Assets whose acquisition value is less than 3,005.06 euros are not considered as such.

Based on the above, the Administration concludes that if the purchase price does not exceed 3,005.06 euros, only if it is directly and exclusively used for the activity will the tax be deductible.