Sale of commercial property - division of purchase price
Hello, I own a commercial property which I inherited from my mother in 2018. I have been operating a retail business in this property for 20 years and now I want to sell it, which will likely result in taxes being due on the sales price minus the acquisition costs. The property should have become part of the business assets through the inheritance. Now my questions are:
1. How can I determine the acquisition costs, is the valuation from the tax office created during the inheritance tax declaration sufficient?
2. The buyer of the property wants the land and building to be divided in the contract in terms of value, as this has tax advantages for him in terms of depreciation, etc. Does this have any disadvantages for me?
Best regards, Anja Kehr
