You are not entitled to earnings-related unemployment allowance for the period over which we periodise profits from the sale of business assets related to the closure of your business activities.
Sales profits may arise, for example, from the sale of shares, a partnership interest, a business or corporate assets. Sales profits may also arise from unsold business assets or those taken into your own use .
Possible sales profits are investigated and periodised after you have ended your business activities. Sales profits are periodised according to the work income on which the earnings-related daily allowance is based. This means that we compare the sales profits with the annual earned income used as the basis of your daily allowance. Periodisation postpones the start of the maximum days which you can be paid earnings-related allowance based on how long it would have taken to accrue the sales profit using your monthly earned income. Profits from the sale of business assets are
periodised over a maximum period of 24 months. However, sales profits are not periodised if your company has been in business for no more than 18 months or if the balance sheet total of your company’s final financial year minus liabilities does not exceed 20,000 euros. If you were not obligated to keep a balance sheet, we will use the inventory of business assets and liabilities instead.