accounting
September 18, 2018 | 39,00 EUR | answered by Oliver Burchardt
Dear Sir or Madam,
My wife has been self-employed since 2010 (sole proprietorship). The complete accounting (SKR 04, EÜR) has been carried out by myself (private individual) since then.
Our vehicle is part of the business assets and is depreciated annually. The private trips (approx. 25%) and the business trips are recorded in a logbook. The resulting costs are booked according to this key. Now we are planning to sell the vehicle and acquire a new one.
My questions are:
Can I remove the existing vehicle from the business assets and then sell it as a private individual?
If not, how do I book the sale from the business assets to a private individual or to a businessman (VAT deductible)?
What happens if the selling price exceeds the book value. How and what should be booked in this case?
Best regards,
Michael Schwaner
Dear inquirer,
Thank you for your inquiry, which I would be happy to answer as part of an initial consultation.
You can of course withdraw the car from the company's assets and then sell it. However, the tax consequences compared to directly selling from the company's assets are almost identical. You must pay tax on the difference between the value of the car (sales price when sold) and the book value, and also remit VAT or declare it when selling.
When you sell the car, it doesn't matter whether you sell to a private individual or a business, the sale is subject to VAT.
In the SKR 04 accounting system, you book the following when selling:
By bank (account number depending on your setup)
To fixed assets (account number depending on your setup)
To 3800 VAT liabilities
To 4845 Proceeds from sale of fixed assets (in the amount of the difference between the net sales price and the remaining book value).
I hope this answer has been helpful to you.
Sincerely,
Oliver Burchardt
Tax advisor
... Are you also interested in this question? 
