Well, to be fair, I am lookint at it through the eyes of a private
individual, and the discussion is purely from the "how to best model and
track your personal/family finances". In case I'd wanted to start a
property business, I probably would spend some money on an accountant...

But very good point nevertheless!

On Wed, 31 Mar 2021 at 13:09, o1bigtenor <[email protected]> wrote:

> On Wed, Mar 31, 2021 at 5:43 AM Dániel Fancsali <[email protected]>
> wrote:
> >
> > Indeed, but then it immediately turns into a business asset in it's most
> strict definition... ;)
> >
>
> Correct - - - - I would suggest that you be VERY VERY careful with how
> this definition is used - - - - your taxation authorities will have a
> lot of not
> very fun things to say if your definition is some future use - - - - they
> are
> quite adamant that the definition is on 'present' use.
>
> I know someone who had done exactly this - - - - he got to pay back taxes
> and a reasonably large penalty. But if you wish to do such yourself  - - -
> - I'm not going to hold you back.
>
> Regards
>
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> .
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