Tax practice in the field of real estate

27.10.2010 12:06
For our country, property taxes - is not new. Many citizens are not even aware that it is provided by the Law "On Taxation System". But in practice, and not earned. Now, under severe budget deficit, the government is trying to resuscitate him.

In developed countries, this tax - one of the key budget revenues. Analyzing their experiences, and some centuries it (eg Germany, USA), one can distinguish the basic principles of taxation of real property.

Typically, this tax applies to the local. For example, in Australia it is 90% of the local budget in Canada - 80% in the U.S. - 75%.

The object of taxation are the land and buildings. Taxpayers - in most cases, property owners, but sometimes this role is a tenant, or both tenants and owners.

Tax base in foreign countries based on market value of the objects. But here where the significant differences in the interpretation of the term "market value". In some tax systems, the basis of a rental value, in others - capital. Assessment methodologies are also different. This can be compared market prices when making real estate deals, or peer review.

To account for the tax payers are usually created registries in the field or the unified state registry, or both he and the other at the same time for more information.

For example, we give some specific figures. Thus, a tax on property in Spain is 0,2% of the estimated cost and paid once a year. Taxable base in Bulgaria is the price of real estate, defined territorial tax service.

The tax rate is the same for natural and legal persons and is 0,15%. If this is the only lodging, the rate decreased by 50%, the tax is paid in four equal installments throughout the year.

In Italy, taxes are calculated on the cadastral value of the object, which is 50-60% below market rate is 0.05%. In Canada, local property taxes will vary depending on the area for the big cities it is 1-1,2% per year.

Tax "highlight" in Ukrainian

In Ukraine, the first attempt to "run" operation of this tax. The draft Tax Code it is: the taxpayers are the physical and legal entities, residents and nonresidents. Objects of taxation - residential real estate, to which does not include state ownership, homes in the exclusion zone, a family-type children`s homes, gardens and plots up to 40 sq ft per taxpayer.

Tax base - the total building area of taxation, which is determined on the basis of data provided by the state registration of real estate. The tax base is calculated for individuals tax service, legal entities rely on his own.

Tax rate is 0 UAH. for homeowners, whose area is less than 100 square meters. m in the city and 200 square meters. m - in the countryside.

If in a given area are registered in the city of 2 people or 5 people in the countryside, the area is taxed at a rate of 0 USD. per 1 sq. km. m in the calculation for each person to 40 square meters. m. In the case of a taxpayer has multiple properties that it owns, the rate of 0% only applies to one of the objects, even if the sum of their squares is less than 100 square meters. m

Rate of 10 UAH. of 1 square meter is subject to the total area that exceeds these dimensions, as well as the total area of other objects that belong to the taxpayer.

The good news is that the government has shown at least some differentiation in the taxation of residential property. Indeed, often one-room apartment in the center is more expensive two-bedroom on the outskirts. This difference is equalized by a factor to the tax rate, which varies from 0,5 to 1,5. This decision was adopted village and town councils, and no later than three months before the start of the year.

Tax liability is paid by individuals in equal installments by August 15 and November 15, and by legal entities - on a quarterly basis up to 30 numbers, which begins the quarter.

Controlled by the taxpayer registration system (or are registered) by the state tax service at the location of legal persons, legal entities separate divisions, place of residence (main account), as well as the location (registration) of their offices, the objects of taxation, or at the place of core activities.

In general, property taxes in the current format is a kind of prototype of an existing one. Introducing the draft Tax Code, the Prime Minister Mykola Azarov said that the rules of real estate tax will affect more than 10% of the population of Ukraine. "This is the norm in the near future will not apply to people living in ordinary homes and cottages have" - he explained.

It turns out that the proposed form of property tax is devoid of meaning, including in terms of benefits for the state. Most people will not pay it, and the oligarchs - for only 10 hryvnia per square meter. We find that "lower classes" for which the square footage - "our everything", not indignant, and oligarchic "top" does not hurt, it hurt.

The fiscal effect of introducing a property tax in such a doubt ... It is hoped that this issue, like many other aspects of the document, finalize before the second reading in Parliament. It is scheduled for early November ...
Content tags: Property
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