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Tax · practical overview

Depreciating a forklift: how it works fiscally

A forklift is a business asset that you depreciate over several years. This is how it works — including investment tax credit and the difference between buying and leasing in the books.

Depreciation period and residual value

A forklift is typically depreciated over 5 to 7 years down to its residual value. For tax purposes, the annual depreciation limit is 20% of the purchase price. A premium brand retains more residual value—which makes a difference in the annual tax burden. Calculate it using our TCO guide.

Investment deduction: KIA and MIA/Vamil

For investments above the threshold, you benefit from the small-scale investment credit (KIA). If you buy electric, that often comes with MIA/Vamil on top of that — together quickly amounting to thousands of euros in net benefit. Your accountant will calculate the exact deduction; we provide the correct documentation.

Buying or leasing in accounting

With purchase and financial lease, the machine is on your balance sheet and you depreciate it; with operational lease, you book the monthly amount entirely as expenses. Read what makes more financial sense for your situation.

By the way, on occasion

You deduct the VAT on purchase as input tax. Also with a occasion You will receive a standard VAT invoice from us for your records.

Direct advice from the importer?

Call 0168 467 467 or request a quote — response within 24 hours.

FAQ

Frequently Asked Questions

How fast am I allowed to depreciate a forklift?

For tax purposes, up to 20% of the acquisition cost per year; in practice, companies depreciate the asset over 5–7 years down to its residual value.

Does a used forklift also qualify for investment deduction?

Yes, used vehicles can also count towards the KIA (Small Businesses Investment Credit), provided the conditions are met. Consult your accountant.

How does depreciation work with leasing?

With operational lease you do not depreciate but book the monthly installment as an expense; with financial lease the truck is on your balance sheet and you do depreciate.

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