Field help: (2018) Additions and deductions when changing the profit calculation method

In the event of the termination or sale of a business, a final balance sheet shall be drawn up in accordance with the principles of the business assets comparison. A corresponding transitional gain or loss must also be entered here.

In the transition from the determination of profit by comparison of business assets or according to average rates to the calculation of net income in accordance with sect. 4, para. 3 of the Income Tax Act (EStG), the additions and deductions resulting from the change in the profit calculation type in the first year after the transition to the determination of profit in accordance with sect. 4, para. 3 of the Income Tax Act (EStG) shall be made.

If the business is terminated or sold, a final balance sheet must be compiled in accordance with the principles of the comparison of business assets. A corresponding transitional gain / loss must also be entered here.