The transfer of idle fixed assets is exempted from value-added tax (VAT) if the following three conditions are met:
One, the goods are listed in the catalog of fixed assets of the enterprise;
Two, the enterprise manages them according to the fixed assets and they have been used;
Three, the selling price does not exceed the original value.
According to the relevant regulations, taxpayers who give away purchased fixed assets for free should be treated as if they were sales, and value-added tax (VAT) should be levied in accordance with the regulations.