Assets subject to taxation
With certain exceptions, taxpayers' monetary property is assets subject to taxation. Assets subject to taxation include real estate and means of transport, shares and certificates of participation, assets of enterprises, agriculture and forestry and share on corporate assets. Assets subject to taxation are not such as housing furnishings and deposits made on tax-free deposit accounts or accounts subject to withholding tax. Assets subject to taxation are valued according to the taxable value of property.
When debts and child deduction and deduction on one's permanent dwelling are subtracted from assets subject to taxation, we arrive at taxable property, which is the basis of taxation on wealth. Wealth tax is paid to the State.
Validity of the definition
- Valid until (31 December 2078)