Field help:
Have you closed your business and had a loss on disposal?
Select "yes" if you have closed your business and incurred a capital loss.
If necessary, please consult a local tax advisor for advice.
What is this about?
If you have closed your business and incurred a loss from the sale of business assets (e.g. machinery, property), this is referred to as a capital loss. This loss can be claimed for tax purposes under certain conditions.
What is a capital loss?
If you close your business and sell business assets – such as machinery, vehicles, or property – for less than their book value, this is called a capital loss. The book value is the value these assets have in the accounts at the time of sale.
When should you provide information here?
- If you have closed your business.
- If a loss was incurred from the sale of business assets.
Where can you find the information?
You can find the amount of the capital loss in your profit calculation or the sales documents created when the business was closed.
