What are non-depreciable assets?

Non-depreciable fixed assets include, in particular:

• Land,
• Investments,
• Other financial assets intended to serve the business permanently,
• Non-depreciable intangible assets,
• Art objects by recognised masters. In tax law, the reputation of the master is decisive for the tax treatment. Art objects by recognised masters cannot be depreciated, as it is assumed that these works do not lose value. Assigning them to business assets therefore offers no tax advantages. However, works by (not yet) recognised artists, such as commercial art, can be depreciated. If the art objects are assigned to business assets, any later capital gains must be taxed.