Field help:
(2021)
Sale or withdrawal of fixed assets
Specify the whole proceeds from sale or partial value without VAT as received upon disposal or removal of fixed asset items e.g. company cars, computers or machines.
The deduction of the residual book value as an expense is recorded in the operating expenses. Farmers and foresters, who are subject to taxation based on average rates, specify gross values here.
Note: Withdrawals are to be specified with their partial value. A partial value is an estimate, stipulated as the "amount that a purchaser of the whole business would calculate for individual items as part of the total purchase price" (section 6 para. 1 no. 1 EStG (Income Tax Act)). It is assumed that the purchaser would continue to operate the business. The part value is generally the commercial value or market value.
Value added tax must be calculated and added to the sales proceeds or withdrawal value and entered as operating income:
- In the case of a sale, VAT is always to be added, even then if the asset item was acquired without deduction of VAT paid e.g. when buying privately or deposits from private assets.
- In the case of a withdrawal from the business assets, VAT must only be added and specified in line 16 of the operating income if the asset was acquired with deduction of VAT paid (section 3 para. 1 b no. 1 UStG (Value Added Tax Act)).
