An important reminder from the Ministry of Finance: owners of non-residential premises in non-residential buildings must themselves calculate and pay property tax on ancillary premises that are the common property of the owners of the premises, where the rights to those ancillary premises have not been registered.
Who must pay the tax on the ancillary premises
The duty arises only if the building in which the common property is situated is named in the List of properties on which tax is calculated by reference to cadastral value.
That does not follow directly from the Ministry of Finance's position. Where, however, the tax is calculated on average annual value, the basis for paying it is immovable property recorded on the balance sheet as a fixed asset. If, therefore, an initial cost of the common property cannot be arrived at, because there was no transaction, there is neither a base on which to calculate the tax nor an object of taxation. Sergei Pivovarchik, managing partner of Consul Group, added that clarification to the Ministry's position.
Follow Consul Group on Telegram.
.jpg)
Analytics
Events