Private contribution of used items
December 14, 2011 | 20,00 EUR | answered by Dr. Yanqiong Bolik
Employee A has been working as an employee for years. On October 1, 2010, he opens a business and generates income from a commercial enterprise. When opening the business, he chooses profit determination according to § 5 EStG. He includes a desk (acquisition cost in 2005: €600, fair market value in 2010: €200) and a shelf (acquisition cost in 2008: €400, fair market value in 2010: €300) in his business assets. A has already claimed the acquisition costs of the desk and shelf in full as operating expenses within his professionally used home office. Since October 1, 2010, the home office has been used exclusively for his commercial activity. How should the values of the assets be determined and how should this be justified?
Thank you in advance
Jürgen O.
Dear inquirer,
Thank you for your inquiry, which I will gladly answer taking into consideration your contribution and the rules of this platform.
Please note that my explanation is based on the facts presented, and that adding, omitting, changing information or the ambiguity of the information can alter the tax result.
The desk and the shelf are depreciable assets. By contributing them, you transfer these assets from your private assets to your business assets.
The desk was contributed in the 5th year (in 2010) after acquisition (in 2005). The contribution value corresponds to the fair market value of the desk at the time of contribution according to § 6 paragraph 1 number 5 sentence 1 EStG.
The contribution of the shelf was made within three years of acquisition. The contribution value is calculated as the acquisition cost minus the value claimed as business expenses (H 6.12 EStH). Therefore, the contribution value for the shelf in your case is 0 EUR.
I hope I was able to assist you.
If there is still any uncertainty, please feel free to use the follow-up function.
Best regards,
Dr. Yanqiong Bolik
Tax advisor
Bildstöckle 6, 70567 Stuttgart
Tel: +49 (0)711 / 9332 2657
Email: info@zdbz.de
