Field help:
Have you sold any other assets (e.g. gold, antiques, paintings, etc.)?
Select "yes" if you have sold other assets and no more than one year has passed between the purchase and sale.
Other assets include, among others:
- Gold and silver bars
- Gold and silver coins
- Antiques
- Paintings and other artworks
- Classic cars
When are such sales taxable?
The sale of assets from private property is only taxable if the period between purchase and sale is no more than one year.
If this one-year period has passed, profits are tax-free. Such sales do not need to be declared in the tax return, regardless of the amount of profit.
Exception: Items for daily use
Items for daily use (e.g. furniture, clothing, or household items) are not taxable even within the one-year period.
Losses from the sale of such items cannot be claimed for tax purposes. The reason is that there is generally no intention to make a profit.
