FOREIGN EXPERIENCE IN REAL ESTATE TAXATION

Abstract

In this article, due to the impossibility of determining the actual value of real estate objects for tax purposes in foreign countries, in order to prevent the emergence of an excessive tax burden and reduce its negative consequences, the value of real estate is usually set at a lower level than its value. At the same time, it was considered that in some countries the determination of taxable value is carried out based on the purpose of the property (residential or non-residential), in others - based on the type of real estate (land and other real estate).