{"id":721,"date":"2024-06-11T16:03:44","date_gmt":"2024-06-11T14:03:44","guid":{"rendered":"https:\/\/99cubes.de\/?p=721"},"modified":"2024-08-05T08:11:40","modified_gmt":"2024-08-05T06:11:40","slug":"form-of-acquisition-purchase","status":"publish","type":"post","link":"https:\/\/99cubes.de\/en\/erwerbsform-kauf\/","title":{"rendered":"Purchase | Advantages and disadvantages"},"content":{"rendered":"

Buying is still the most common method for companies to acquire business supplies such as office furniture. Rental, leasing or pay-per-use payment models currently play a subordinate role. In most cases, \u201epurchase\u201c is automatically selected when a company chooses new office furniture; there is rarely an explicit discussion as to whether this is the right form of acquisition for the planned use.<\/p>\n\n\n\n

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Legal notice<\/h4><\/div><\/div>

Please note the following important disclaimer on tax and legal aspects:
No legal or tax advice<\/strong>
The information provided on this website is for general information purposes only. It does not constitute legal or tax advice and cannot replace such advice.<\/p><\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n

Purchase as a form of acquisition - legal and tax implications <\/h4>\n\n\n\n
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Legal implication <\/h5>\n\n\n\n

In the case of a purchase, ownership of an item is transferred to the buyer against payment. As a rule, the buyer can freely dispose of and use the purchased item (in our case, office furniture), but typically also bears all risks after the purchase that are not covered by a warranty, such as loss due to theft and natural disasters or the risk of gradual wear and tear.<\/p>\n\n\n\n

Tax implications<\/h5>\n\n\n\n

The items purchased for business use (in our case, telephone and meeting boxes) must be recognised as fixed assets and depreciated over the planned useful life. The depreciation tables applicable in Germany stipulate a useful life of 13 years for office furniture (see the so-called \u201edepreciation table for generally usable fixed assets\u201c at https:\/\/www.bundesfinanzministerium.de\/Web\/DE\/Themen\/Steuern\/Steuerverwaltungu-Steuerrecht\/Betriebspruefung\/AfA_Tabellen\/afa_tabellen.html<\/a>.<\/p>\n\n\n\n

Implications for cash flow<\/strong><\/h5>\n\n\n\n

When buying, payment is usually made immediately in full. This may sound somewhat obvious and trivial, but it is a significant difference to renting or leasing.<\/p>\n<\/div>\n\n\n\n

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Note: <\/strong>This means that although the purchase amount is due immediately at the time of purchase, the expenditure cannot be claimed as an expense for tax purposes immediately but (in Germany) is spread over 13 years!<\/p>\n\n\n\n

These arrangements make sense in many cases - after all, office furniture such as our telephone and meeting boxes are durable and intended for many years of use. However, there are also situations in which a purchase is not necessarily the ideal form of acquisition. <\/p>\n\n\n\n

Alternatives to buying<\/h4>\n\n\n\n

It is particularly worth considering alternatives to buying in the following cases:<\/p>\n\n\n\n