The tax base for capital assets is usually the purchase cost, minus any previously claimed deductions, and is depreciated over the asset’s useful life. Other factors affecting the tax base include purchase costs, loan costs, and improvements. Similar exchanges and gifts also impact the tax base.
The tax base is normally the cost of buying a capital asset, unless previously claimed. Capital assets are assets that a company will buy and use during more than a year. As if used more than a year in the course, the cost of your purchase must be deducted during your life. This is done using a selected depreciation method.
There are certain other factors that affect the tax base. For example, the base of stock or bonuses would include not only the purchase price but also the purchase costs, including the commissions and the transfer rates. Además, la base de los inmuebles bienes would include the cost of money or liquidation involved in the transactions. Without embargo, the cost of loans, such as cargo for the recruitment of loans, points or cargo for refinancing, must be capitalised, it is decided, to remain for more than a year.
If a company buys a large asset, as a team, the cost of preparing the asset for its use, including the installation costs, is added to the tax base of the asset. This has been increased by any improvement that extends the life of the active. The elements that reduce the tax base will include things such as taking a deduction from section 179, which implies deducting a part of the cost as well as the depreciation allowed in the first year; annual depreciation; and certain fiscal credits.
Companies can also participate in what is called a similar exchange. This means that the company interchanges a commercial asset for another commercial asset of another company. In this case, the tax base for the asset received will be the mismatch of the item shipped, less any additional money that has been received or more money that has been shipped. Si no se intercambia dinero o articulos que no sean bienes similares, entonces ninguna de las compañías has a transacción sujeta a impuestos.
In cases where the article was a gift, the tax base of the asset is normally the adjusted base of the donor, or the base of the donor before the gift. Para los bienes que se heredan, la base fiscal del asset es el valor justo de mercado de los bienes en la fecha de bankruptcy del defunto. This would be determined by the value of the taxation at the moment in which the asset is received. Without embargo, if the beneficiary originally received the property from the deceased within one year of his death, the tax base would be the same as that person’s base at the time of death.
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