I am fairly sure that is tax fraud lol. I don't think I could take out a loan on a property by giving one valuation and in the same year give a vastly different one for my taxes.
No, it is even the tax office who came up with the much lower number in my case.
It is like this for everyone!
Same with depreciation rules, when I learned the rules here my teacher was actually working with the tax authorities.
Depreciation in accounting is a technicality. And if you happen to sell a thing that is technically worth 0 in the books that just becomes an extra inflow of money to the company, which is taxable and so the tax authorities get their money.
Unless you have learned accounting, be careful :-)
It is like this for everyone!
Same with depreciation rules, when I learned the rules here my teacher was actually working with the tax authorities.
Depreciation in accounting is a technicality. And if you happen to sell a thing that is technically worth 0 in the books that just becomes an extra inflow of money to the company, which is taxable and so the tax authorities get their money.
Unless you have learned accounting, be careful :-)