The net worth tax laws in many countries require a separate valuation of assets. The "net worth tax" component helps you to valuate assets for this purpose. You can use the values the system calculates in determining your net worth tax burden.

If the property values are to be depreciated, it makes sense to set up an independent depreciation area for the net worth tax valuation. You then mark this area as the depreciation area for the valuation of net assets when you maintain the asset company codes.

The values in this depreciation area are available for special reports, such as the property list. The structure of this list is determined by the property classification key, which you specify in the master record.

If net worth tax in your country is based on normal tax valuation, then it is not necessary to create a separate depreciation area for it. You can simply use the values from the tax depreciation area.

If the property value is not to be depreciated (for example, assessed value), you can store a manual property value in the master record. However, you then have to set the Manual property value indicator. The net worth tax reports in the system then use these values, even if you do not manage a depreciation area for net worth tax.

There is a special standard report available for asset values in relation to net worth tax ( Info system).