Proper calculation of property tax: who pays, how much and for what?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

According to the Federal Tax Service, a new calculation of property tax will be implemented starting from January 2014. To date, she has made indicative calculations, for which the cadastral valuation of various objects located in 83 regions of the Russian Federation was taken as a basis. According to the tax authorities, the amount that will need to be paid to homeowners directly depends on its value. In addition, a number of press representatives were acquainted with the results of the work carried out by the Federal Tax Service.

How will the tax on the property of individuals be calculated? The fiscal service mentioned above proposes to implement it based on a rate of 1 or 0.5 percent. The first is valid for residential type real estate, and the second - as you might guess, non-residential. Representatives of the Russian media did not want to stay away from the announced innovations: a number of publishers published approximate amounts of payments. During the calculations, it was found that in 2014 the number of objects for which citizens will have to pay will almost double. In the same time,fees will be quintupled. For example, if earlier the number of objects was estimated at about 35.4 million, then about 70.3 million will be subject to taxation in the new year. As you know, the maximum price of real estate is fixed in the capital. Here, a square meter of an apartment is estimated at about 165.5, a house - 109.1, an office - 92.7 thousand rubles. So, it is not difficult to calculate property tax. The main thing is to know the deductions that are mentioned in the relevant Federal Law. Based on this knowledge, any citizen has the opportunity to calculate that the state will have to pay 1,120 rubles for an apartment with an area of 55 meters.

However, it should also be mentioned here that the actual rates (and, therefore, the amount of the fee) may vary, since the municipal authorities are planned to be given the powers, thanks to which they will be able to adjust the rate. Which, of course, will affect the result, which crowns the calculation of property tax. However, everything that is written above will affect only those Russians who own several real estate objects. The Ministry of Finance believes that the use of them to receive or invest money deserves to be taxed accordingly. In addition, representatives of this department expressed their conviction that the transition to a new payment procedure will take place without much difficulty. Only two cities will need a transitional period: Moscow and St. Petersburg.

As for legal entities, the calculation of corporate property tax will be carried out for both movable and immovable property. Moreover, the following property will be taken into account:

• transferred for temporary possession, disposal, use and trust management;

• contributed to a partnership (joint) activity;

• received as a result of a concession agreement. It should be noted that the calculation of the tax on the property of business entities will be carried out on the basis of a constantly changing rate. For example, if its size in 2013 is 0.4%, then in each subsequent year this value will increase by 0.3.