Field help: (2024) Additions and deductions when changing the profit calculation method

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

In the transition from profit determination by comparison of business assets or by average rates to the statement 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 determination method must be made in the first year after the transition to profit determination in accordance with sect. 4, para. 3 of the Income Tax Act (EStG).