Low-value assets are goods that, if they meet the requirements, can be immediately written off in the full amount of the acquisition costs. A distribution over the useful life does not have to be done with GWGs.
Requirements according to § 6 Abs. 2 EStG
- Net acquisition costs up to 800 EURO (until 2017: 410 EURO)
- Independently usable
- Mobile assets
- Fixed assets