Assets depreciation rates in Spain for 2015

Posted on Posted in Accounting, Publications, Tax

 

In this post we detail the depreciation rates currently in force in Spain applicable to fixed assets. The depreciation rate applied must be comprised between the maximum depreciation rate (left column) and the maximum useful life (right column). The amount to be charged per annum as depreciation is calculated, under the stright line method, applying the relevant % to the original cost of the asset less the estimated residual value. Note however, that the Law also allows other depreciation methods.

% Max. Years Maximum
Civil Works
General civil work 2% 100
Pavements 6% 34
Infrastructure works and mining 7% 30
Plants
Hydroelectric Power Plants 2% 100
Nuclear Power Plants 3% 60
Coal-fired power plants 4% 50
Renewable Plant 7% 30
Other plants 5% 40
Buildings
Industrial Buildings 3% 68
Land devoted exclusively to store scratch 4% 50
Warehouses and depots (gaseous, liquid and solid) 7% 30
Commercial Buildings, administrative, and housing services 2% 100
Facilities
Substations. Energy transportation and distribution networks 5% 40
Cables 7% 30
Rest facilities 10% 20
Machinery 12% 18
Medical equipment and assimilated 15% 14
Transport Elements
Locomotives, wagons and traction equipment 8% 25
Ships, aircraft 10% 20
Elements of internal transport 10% 20
Elements of external transport 16% 14
Lorries 20% 10
Furniture and furnishings
Furniture 10% 20
Lingerie 25% 8
Glassware 50% 4
Tools and tools 25% 8
Molds, dies and models 33% 6
Other items 15% 14
Computers and other electronics equipment. Systems and Programs
Electronic Equipment 20% 10
Hardware 25% 8
Computer systems and software. 33% 6
Cinematographic Productions, phonographic, videos and audio series 33% 6
Other elements 10% 20

Note that SME (i.e. Small and Medium size companies), can double (x2) the maximum depreciation rates for new assets. To qualify for the SME status the company’s turnover the previous year must have been below EUR 10 MIllions. Finally, assets with an acquisition value under EUR 300 can be directly expensed.