Property taxation has existed for millennia. It was used already in the Roman Empire, and for many centuries it was it that was the main form of replenishment of the state treasury. In the ancient world, requisitions of this kind were carried out in relation to more likely individuals, because taxed cash accumulations and real estate owned by a particular person. Today, property tax for individuals and legal entities is calculated differently.
How to calculate property tax for an individual? In order to find out, you need to refer to Federal Law No. 2003-1, adopted on December 9, 1991. Here a list of persons who are taxpayers is defined - these are the sole owners of the property, as well as persons who own the property on the basis of common joint or common shared property. A list of objects of taxation is also indicated, among which are shares in common property, garages, summer residences, rooms, apartments, residential buildings and other buildings. Thus, in accordance with this law, you can learn how to calculate the tax on property that is immovable.
The law indicates tax rates - from 0.1 to 2.0 percent of the total inventory (non-market) value of taxable objects. The latter is established each year by the federal body authorized to conduct cadastral activities as of January 1. And on its basis, the tax authorities independently calculate the amount of tax payable, and send a receipt at the place of registration of the taxpayer. The probability of errors when calculating tax amounts is always present, so it is best to know how to calculate property tax yourself.
The tax on certain “movable” property in Russian practice is represented by a transport tax. It is calculated on the basis of the requirements of Chapter 28 of the Tax Code of our country, which states that the payers are persons (legal and physical) who are registered with a particular vehicle (car, plane, watercraft, etc.). The tax rate is calculated based on engine power and mode of transport, and ranges from 1 to 200 rubles (for each horsepower). It is good for individuals to know the intricacies of how to calculate the tax on property of this type, because to them the receipt for payment is again sent by the tax authorities. But legal entities calculate the transport tax themselves.
Also, legal entities independently calculate other payments. Therefore, the accountant must know how to calculate the tax on property of the organization. A feature of taxation in this case is that the tax is calculated both in relation to real estate, and in relation to certain types of movable property owned by the organization or transferred by the organization to trust, temporary possession, etc. The calculation is made for the amount of the average annual value of property and does not exceed 2.2% of this figure. The specific rate is determined by the constituent entities of the Russian Federation. Detailed information on how to calculate the property tax of a legal entity is detailed in Chapter 30 of the Tax Code of the Russian Federation.