, Which Provide Tax Benefits For Stvabu Residential Buildings

Original Language Title: , jímž se poskytují daňové výhody pro stvabu budov obytných

Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=2381&nr=102~2F1921~20Sb.&ft=txt



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


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


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


§ 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


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.