Accounting and tax accounting of land plots
In this case, this period cannot be less than 5 years . Or include in the tax base a share of the costs of purchasing a plot in the amount of 30% of the entire base for the previous period and thus act until the costs are fully paid off. This assumption in tax legislation leads to discrepancies between accounting and tax accounting and, accordingly, permanent tax differences.
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Accounting
The building and the land plot underneath it, satisfying the conditions listed in clause 4 of the Accounting Regulations “Accounting for Fixed Assets” PBU 6/01, approved by Order of the Ministry of Finance of Russia dated March 30, 2001 N 26n, are accepted for accounting as separate objects of fixed assets (OS).
Fixed assets are accounted for at their original cost (clause 7 of PBU 6/01).
The initial cost of fixed assets acquired for a fee is recognized as the amount of the organization's actual costs for their acquisition, the list of which is established in clause 8 of PBU 6/01.
