Currently, the acquisition or production costs of so-called low-value assets (geringwertige Wirtschaftsgüter, GWG) can be deducted in full immediately if they do not exceed €800 (excluding VAT). The prerequisite is that they are movable, independently usable and depreciable assets of the fixed assets. It is planned to raise this threshold to €1,000 per asset.
The rules on the so-called pooled item for movable fixed assets (Sammelposten) are also to be adjusted. Assets with acquisition or production costs between €250 and €1,000 can be placed in this pooled item. Previously, these could then be depreciated uniformly over five years, regardless of the actual useful life of the individual asset. Here, the maximum amount of €1,000 is to be raised to €5,000 and the dissolution period reduced from five years to three years.
Frequently asked questions
Frequently asked questions
How high will the new low-value asset (GWG) threshold for immediate write-off be in the future?
The threshold for low-value assets (geringwertige Wirtschaftsgüter, GWG) is set to be raised from the current €800 to €1,000 (net, excluding VAT) per asset. Up to this amount, the acquisition or production costs can be fully deducted as business expenses immediately.
What requirements must low-value assets (geringwertige Wirtschaftsgüter, GWG) meet?
They must be movable, independently usable and depreciable fixed assets. Only then can the acquisition or production costs be deducted immediately up to the GWG threshold.
What is changing for the collective item (Sammelposten) for movable assets?
The maximum amount for assets that can be allocated to the collective item is to be raised from EUR 1,000 to EUR 5,000. At the same time, the dissolution period will be shortened from five to three years.
How is a collective item (Sammelposten) depreciated for tax purposes?
Several assets are combined into a Sammelposten and depreciated uniformly over a fixed period, regardless of the actual useful life of each individual asset. To date, this period is five years; it is set to be shortened to three years.
From what amount can assets be allocated to the collective pool?
Assets with acquisition or production costs starting at €250 can be allocated to the collective pool (Sammelposten). The current upper limit is €1,000, but it is set to be raised to €5,000 per asset.