Dexxter advises against adding a building/house as an expense/investment because of the ‘added value’ that can be created, which means that a lot of taxes have to be paid when the sale of the property takes place. I understand that.
My question about this is: Can’t I just sell the depreciated portion to myself for the residual value of the good, as with any depreciation?
Kind regards,
Nick
Yes, but the residual value from that good is actually the market value.
So you cannot sell it to yourself at the residual value from the accounts, because that is 0 euro (or close to 0 euro, depending on how long you have been depreciating it).
You have to sell it to yourself at the actual market value, which will normally be higher as time goes on.
Thanks for this answer so the message is to burn it down
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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