Ask a tax advisor on the topic of Profit and loss statement

discretionary business assets

July 14, 2011 | 25,00 EUR | answered by Matthias Wander

Hello,
I am a registered merchant and run my publishing company as a sole proprietorship. To strengthen the working capital, I would like to purchase physical gold as voluntary operating assets and store it in a bank vault. (Booking as a security of fixed assets 0900 SKR04)
1. Does this purchase also fall under the investment deduction allowance?
2. Is this tax legally correct and possible for a sole proprietor?

Kind regards

Matthias Wander

Dear inquirer,

Thank you for your inquiry, which I would like to answer based on the information provided and in the context of your commitment in the framework of an initial consultation.

The investment allowance can only be formed for future movable and depreciable assets. Since gold is not a depreciable asset (no annual depreciation), an investment allowance cannot be formed for it.

I regret to inform you that I cannot provide a more favorable response.

Best regards,

Wander
Tax consultant