Personal estate tax since 2019

The content of the article

• Tax cancellation from 2019
• Exemption Terms
• List of movable property
• What objects are not affected by preference

Payments that are collected from citizens and legal entities to ensure the state are increasing every year, new types appear. The situation is different with property tax. January 1, 2019 there were changes in relation to movable assets. Most of its species are fully exempt from payment..

Tax cancellation from 2019

The amendment to paragraph 19 of article 2 of the Federal Law No. 302 of August 3, 2018 changed the concept of an object that is taxed. Previously, payments were levied on all types of property, plant and equipment (fixed assets), which were on the balance sheet of the organization. January 1, 2019 introduced changes that excluded the concept of movable objects. Such property is not taxable..

The privilege gives the right not to indicate the value of these objects in the settlement declaration. At the same time, the terms and sources of their appearance are not taken into account. The main reason for the change is a reduction in the tax burden for enterprises, firms.

Please note that the benefit applies to such property with restrictions. In addition, there are regions where local authorities refused to introduce amendments to the law. The list of subjects can be viewed in the General Accountant System. Enterprises of regions that are not included in the list are taxed.

Exemption Terms

Articles 130–131 of the Civil Code of the Russian Federation stipulate the norms by which things belong to different categories. The law defines objects of real estate, and classifies everything movable as exceptions to this list. To clarify the situation, the tax authorities sent an explanatory letter to the Federal Tax Service No. BS-4-21 / 14928 of 2.08.18.

For a company to be able to apply the new law in relation to its fixed assets, the property must meet the following criteria:

• Things were registered in 2013, with the exception of those that became property upon the reorganization or liquidation of the enterprise.
• Has the characteristics of a movable thing, moves easily, without damage to the design.
• There is no registration of property as immovable in the USRN.
• Lack of communication with the ground.
• Does not require permission to create from government.
• Appeared not after a transaction with related parties.
• No on the balance sheet of company OS.

List of movable property

The main characteristic of assets that are classified as movable is the ability to move them freely without loss of quality. This category includes:

• means of transport;
• conveyor equipment and machine tools;
• computer and office equipment;
• production equipment;
• household equipment;
• Pumps
• medical instruments;
• money, securities or stocks.

What objects are not affected by preference

In accordance with the law adopted, the exemption does not apply to the following property:

• Rolling stock of railway transport, regardless of the timing of the acquisition.
• Air, sea and river vessels, which are on the balance of the state.