Discontinuation of self-employment

https://dexxter.be/stopped-met-je-eenmanszaak-depreciations/</

For vAT, you will in any case have to repay the vAT on the vAT amount that has not yet been booked. Please note that the vAT declaration always calculates 5 years for depreciations, even if you depreciate it over a shorter period yourself. For example, you buy a car for €30,000.00 in 2022 (to 21% vAT) and depreciate it over 4 years. This means you will reclaim £6,300.00 in vAT in 2022. You stopped in 2025 (for simplicity's sake, one day before you bought the car in 2022). This means you have depreciated 3 out of 4 years. For vAT purposes, you have only depreciated 3 from 5 years, so you have to repay 2/5ths of the vAT, or €2,520.00.However, for your balance sheet, this means that your car still has a residual value of 1/4. Either you sell the car (just before you stop using it, in which case you calculate vAT on the sale) and you are left with either a capital gain or a capital loss that is included in your annual accounts. If you keep the car after you stop using it, the residual value remains on your balance sheet.

Johan