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- Title
Zur Kunstsammlung in der Steuerbilanz.
- Authors
Volkmar Bongers, Christian
- Abstract
The article examines the tax treatment of artworks in accounting. Artworks can be capitalized as business assets if they were business-related. The valuation is usually done at a symbolic euro. Artworks can be considered necessary business assets if the taxpayer trades with them commercially or is an artist. The valuation is difficult as there is often no current market price. The wear and tear of artworks can be of a technical or economic nature. It is suggested to establish a nationally uniform threshold for non-objection to create more legal certainty.
- Subjects
MARKET prices; MARKET pricing; VALUATION; EURO; CERTAINTY
- Publication
Die Unternehmensbesteuerung (Ubg), 2024, Vol 17, Issue 5, p266
- ISSN
1865-7222
- Publication type
Article
- DOI
10.9785/ubg-2024-170504