102/1921.
Law
of 3 July 2003. in March 1921,
which provide tax advantages for the construction of residential buildings and buildings for
the operation of the undertakings, as well as for the recovery of the old and the acquisition of new machinery.
The National Assembly of the Republic passed on this
the Act:
§ 1.
Persons subject to income tax (dôchodkové) or a company
the Ministry based on the taxable II. the head of the law on personal taxes
direct from 25 June. October 1896. 220. (Slovakia and
Carpathian Ruthenia tax product companies publicly using double-), which in
territory of the Republic of Czechoslovakia from 1920 to 1922, including new construction,
reconstruction, extension or superstructure residential buildings construction completes,
they can from the tax base in addition to the permissible according to the existing amortisace
tax laws odečísti 70% proven to be spent for the building
the cargo, and that no more than 10 annual amounts, beginning with tax year
following the expiration of the calendar (commercial) the year in which
the construction was suspended.
If the extraordinary amortisaci, referred to in paragraph 1. 1. the used
for the building Fund, established in 1920, from the profit (business year
1919/20) and reported as a separate balance sheet item, you can
amortisační kvotu odečísti from the tax base for the tax year of 1921, and it
for income tax only those people fysickým which lead the proper business
book.
State subsidies for the construction of the neb public corporations provided shall be deducted
from the construction of the cargo.
Otherwise, the remaining provisions of the Act on personal taxes, paying about
depreciation, shall remain unaffected.
In the case of the transfer of the building to another legal person fysickou neb
It is for the tax year beginning after-the transfer of the following-the advantage in
paragraph. 1. new licensee referred to only as the amount in the tax assessment
till now still neodečtené.
The benefit of paragraph 1. the dedication of the building and assumed her genuine use
mainly for the purposes of sitting for at least 10 years after the completion of the construction.
This dedication to the State is inserted as a real burden to books
land.
The Ministry of Finance shall be empowered to determine by regulation the conditions under
You can call for a building dedicated to mainly for the purpose of living
(§ 2). The taxpayer, which uses the building for purposes which are contrary to the dedication
buildings (para. 6.), you will lose the benefit of paragraph 1. 1. and 2., without acquiring the benefits section
2, no. 1., and in addition, can be punished by a fine of up to 100,000 money
CZK.
§ 2.
Companies subject to tax Ministry according to II. the head of the law on personal
taxes (tax businesses using double-product publicly) that in 1920
up to and including 1922 issue, rebuilding, or waiting for sets in the territory
the Czechoslovak Republic building for business operations, or that at the time of
the below Exchange or shoots a new machinery and equipment, enjoy, when
the Ministry tax assessment (product) of these benefits:
1. an undertaking may, in addition to the existing tax amortisace available from
law odepsati daněprostě 50% of the construction of the cargo, and that no more than 10
the annual amounts, starting with the tax year following the expiration of
Calendar (commercial) year in which construction has been completed. Cargo
the building must be demonstrated by the full accounts. The provisions of § 1, para. 2. up to
5, also applies here.
2. Coin, spent from 1920 to 1925 (including in business years
1919/20-1924/25) to the replacement of machinery and equipment, taken a year ago
1920, is a deductible item (i) so far as the excess of the acquisition
the value of the replaced item.
3. the Deductible item is also half of the amounts that the business next to the
the usual stores in business depreciation from 1920 to 1925, including the (1919/20
up to 1924/25) to the special, as a separate item in the balance reported
Fund for the replacement of machinery and equipment, taken before 1920.
In this case, is required to the latest in business year 1926
(1925/26), the presentation of accounts prokázati price at which satisfaction in the years
1920 to 1925 (1919/20-1924/25) acquired new machinery and equipment.
If carried out by the end of 1925 (1924/25), the replacement of the machinery and
his device is additionally untaxed Recovery Fund for deposits
years past.
If the replacement of machinery and equipment by the end of 1925
(1924/25), where, however, as proven by the load on new machinery and equipment less
before the Recovery Fund deposits not taxed, the tax is the difference in
the ratio of the annual úložek to this Fund.
The Recovery Fund, deposits of tax which was used after the exhaustion of
úložek on tax-free exchange of machinery and equipment by the end of 1925,
Additionally excluded from taxable years past and attributable to the
výdělková with tax write off.
4. Of the amounts incurred from 1920 to 1922 (1919/20-1921/22)
the purchase of new machinery and equipment businesses next to amortisace
permissible under existing tax laws, odepsati daněprostě 20%
their proven purchase prices, and that in the five years following
immediately after the year in which the cost of machinery and equipment was
charged.
Benefits under REF. 2. and 3. about editions and deposits, which are intended
to expand the business.
Also otherwise remain the Ministry tax regulations (product) of enterprises
publicly using double-the provisions of this section.
§ 3.
Benefits § § 1 and 2. 1., also applies to new construction, remodeling,
outbuildings and the superstructure of the buildings, which, although from 1920 to 1922 have been
completed, with which, however, in the years following it was started, and in which the
duly continues.
§ 4.
The provisions of §§ 2 and 3 shall apply mutatis mutandis for the income tax for physical persons,
that lead the proper business of the book.
§ 5.
This Act, whose designs will be entrusted with the Minister of finance and Minister of
Justice, shall take effect on the date of publication.
T. g. Masaryk in r.
Black v. r.
Dr. Cinderella in r.
Dr. Hotowetz v. r.,
on behalf of the Minister of finance who is absent.
