Will I be taxed on the proceeds of sales by auction?

Mutiara

21 Jan 2015 at 18:55 · Viewed 1638 times

I ceased trading my Entreprise Individuelle à Responsabilité Limitée (EIRL) business in France on 31/12/2014 and my accountant has sent off my form P4 CMB to the CFE at the local Chambre des metiers. I sold off all my plant and equipment from the business (vente aux encheres public) just before I closed the business (November 2014) and the TVA has been paid over this week on my final TVA declaration.

Will I be taxed on the proceeds of the vente aux encheres for the plant and materials, i.e. will they be classed as revenues, and be taxed at the same rate as my normal profits?

Answered