All expenses > Machines & tools

Machines & tools

Tax audit risk

Easiness to justify

Frequency5-10x per year

Deducted by95% of independentsDo you deduct this expense?Would you recommend this expense?

Take into account the useful life of these recent investments!
Did you invest in a machine that is necessary to your business?

You can deduct it as a professional charge.

You deduct it, each year, at the depreciation rate aligned with its “useful life” .
As an indication, we are talking about 3 years for a smartphone, 10 years for the development of professional premises, 30 years for a building…

Are you self-employed in a company? Since 2020, a pro rata temporis depreciation applies: in the year of purchase, you depreciate in proportion to the remaining months of the year.

Are you self-employed as an individual? There is no pro rata temporis depreciation. Did you buy in October? You still deduct as if you had used your tool or machine the entire year.

Some specific investments are eligible for increased deduction for investment. Look in this list of the FPS Finance if this might be the case for you too: https://bit.ly/2KJaNwc Between March and December 2020, this deduction increases to 25%. This is a government decision, in the context of the corona crisis.

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Machines & tools

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