{"id":732,"date":"2024-08-20T12:54:10","date_gmt":"2024-08-20T10:54:10","guid":{"rendered":"https:\/\/immobewertungen.it-entwicklung.at\/blog\/real-estate-valuation-in-the-context-of-company-accounting\/"},"modified":"2024-08-26T12:06:16","modified_gmt":"2024-08-26T10:06:16","slug":"real-estate-valuation-in-the-context-of-company-accounting","status":"publish","type":"post","link":"https:\/\/immobewertungen.at\/en\/blog\/real-estate-valuation-in-the-context-of-company-accounting\/","title":{"rendered":"Real estate valuation in the context of company accounting"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"732\" class=\"elementor elementor-732 elementor-314\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"has_eae_slider elementor-element elementor-element-166a9ab e-con-full e-flex e-con e-parent\" data-id=\"166a9ab\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;video&quot;,&quot;background_video_link&quot;:&quot;https:\\\/\\\/immobewertungen.it-entwicklung.at\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Pexels_Videos_2325093.mp4&quot;,&quot;background_video_start&quot;:0,&quot;background_play_on_mobile&quot;:&quot;yes&quot;}\">\n\t\t<div class=\"elementor-background-video-container\">\n\t\t\t\t\t\t\t<video class=\"elementor-background-video-hosted elementor-html5-video\" autoplay muted playsinline loop><\/video>\n\t\t\t\t\t<\/div>\t\t<\/div>\n\t\t<div class=\"has_eae_slider elementor-element elementor-element-324fdee e-flex e-con-boxed e-con e-parent\" data-id=\"324fdee\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7a704e1 elementor-widget elementor-widget-heading\" data-id=\"7a704e1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Real estate valuation in the context of company accounting<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-761f978 elementor-widget elementor-widget-text-editor\" data-id=\"761f978\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>In Austria, sole proprietorships, partnerships and corporations that are required to keep accounts are subject to the provisions of the Austrian Commercial Code (UGB). The rules for the valuation of current and non-current assets therefore apply to the accounting of real estate. <\/p>\n<p>According to the Austrian Commercial Code (UGB), \u00a7198 (2), fixed assets are those items that are intended to serve the business operation permanently. In contrast, current assets are those items that do not serve the business operation permanently (\u00a7198 (4) UGB). Specifically for real estate, this means that if the property is used for business purposes (e.g. own use of office buildings, commercial premises, warehouses) or is rented out, it is considered fixed assets. If, on the other hand, the property is intended for short-term sale, it falls under current assets.    <\/p>\n<p>Whether circulating or fixed assets are present is crucial for the application of the correct valuation regulations:<\/p>\n<ul>\n<li>For real estate classified as fixed assets, the provisions of \u00a7\u00a7 203 and 204 of the UGB (Austrian Commercial Code) apply for valuation purposes. Accordingly, fixed assets are to be valued at their acquisition or production costs, less scheduled depreciation. This means that the acquisition or production costs are to be allocated to the business years in which the asset can be economically utilized.  <\/li>\n<\/ul>\n<ul>\n<li>For real estate classified as current assets, the provisions of \u00a7\u00a7 206 and 207 of the UGB (Austrian Commercial Code) apply for valuation purposes. Accordingly, current assets are to be valued at their acquisition or production costs, less depreciation in accordance with \u00a7 207 UGB. This means that depreciation is to be recognized at the value resulting from a lower stock exchange price or market price as of the balance sheet date (strict lower-of-cost-or-market principle).   <\/li>\n<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70fe094 elementor-widget elementor-widget-text-editor\" data-id=\"70fe094\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<section class=\"content-wrapper container\">\n<div class=\"row\">\n<div class=\"content col-12 col-md-12\">\n<div class=\"item-page\">\n<div>\n<p>Mag. Elias Millbacher<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Real estate valuation in the context of company accounting In Austria, sole proprietorships, partnerships and corporations that are required to keep accounts are subject to the provisions of the Austrian Commercial Code (UGB). The rules for the valuation of current and non-current assets therefore apply to the accounting of real estate. According to the Austrian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-732","post","type-post","status-publish","format-standard","hentry","category-unkategorisiert"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real estate valuation in the context of company accounting - Immobewertungen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/immobewertungen.at\/en\/blog\/real-estate-valuation-in-the-context-of-company-accounting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate valuation in the context of company accounting - Immobewertungen\" \/>\n<meta property=\"og:description\" content=\"Real estate valuation in the context of company accounting In Austria, sole proprietorships, partnerships and corporations that are required to keep accounts are subject to the provisions of the Austrian Commercial Code (UGB). 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