Sale of property

Dear Elke,

Not only the remaining value, but also the added value must be included here in your accounts. It is very likely that your house, and therefore also your swimming pool and driveway, have increased in value over the years. That is a disadvantage of including (parts of) your house in your accounts. They do not disappear, even after the costs have been depreciated.

You will therefore have to calculate the (added) value (or have it calculated) and sell it to yourself. That way, you do not have to sell it to your buyers with a separate invoice.

To be on the safe side, it might be best to hire an accountant, as this is quite a complex matter and, given that these types of transactions often involve quite a lot of money, you don't want to make any mistakes here.