<abstract xmlns="http://www.w3.org/1999/xhtml"><p>GEV 500 represents the International Standard regulating the establishment of the taxable value of buildings belonging to legal entities. In order to establish the taxable value of buildings, legal entities must appeal either to authorized persons specialized in real estate valuation (EPI) or to a corporate member, in which case the assessment report for taxation purposes can be made by one or more evaluators with EPI specialization.Our study aims at theoretical substantiation and practical evaluation for the purpose of taxing of an office apartment through the market approach, using quantitative methods. To this end, the value of the asset was determined in an appropriate manner in full consonance for the purpose of valuation by applying the market comparison method, using the comparison criteria that are specified in the case of building assets in the price per square meter and the income method, which takes the shape of an assumed or hypothetical rent that is determined on the basis of the cost that would be borne by the landlord to rent an equivalent space. The available data, information and delimitations have allowed, on the one hand, selection of the appropriate methods and, on the other hand, formulation of the opinion on the value.</p></abstract>

GEV 500 represents the International Standard regulating the establishment of the taxable value of buildings belonging to legal entities. In order to establish the taxable value of buildings, legal entities must appeal either to authorized persons specialized in real estate valuation (EPI) or to a corporate member, in which case the assessment report for taxation purposes can be made by one or more evaluators with EPI specialization.Our study aims at theoretical substantiation and practical evaluation for the purpose of taxing of an office apartment through the market approach, using quantitative methods. To this end, the value of the asset was determined in an appropriate manner in full consonance for the purpose of valuation by applying the market comparison method, using the comparison criteria that are specified in the case of building assets in the price per square meter and the income method, which takes the shape of an assumed or hypothetical rent that is determined on the basis of the cost that would be borne by the landlord to rent an equivalent space. The available data, information and delimitations have allowed, on the one hand, selection of the appropriate methods and, on the other hand, formulation of the opinion on the value.

Theoretical and Practical Study on the Establishment of the Taxable Value of Buildings Belonging to Legal Entities

“Dimitrie Cantemir” Christian University Bucharest

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

GEV 500 represents the International Standard regulating the establishment of the taxable value of buildings belonging to legal entities. In order to establish...

Theoretical and Practical Study on the Establishment of the Taxable Value of Buildings Belonging to Legal Entities

Published Online: Jul 20, 2020

Page range: 109 - 120

DOI: https://doi.org/10.2478/kbo-2020-0062

Keywords
evaluation, building, assessment for tax purposes, taxable value for legal entities, tax

© 2020 Mariana Rodica ṬḮrlea, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Theoretical and Practical Study on the Establishment of the Taxable Value of Buildings Belonging to Legal Entities

Published Online: Jul 20, 2020

Page range: 109 - 120

DOI: https://doi.org/10.2478/kbo-2020-0062

Keywordsevaluation, building, assessment for tax purposes, taxable value for legal entities, tax

© 2020 Mariana Rodica ṬḮrlea, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
evaluation, building, assessment for tax purposes, taxable value for legal entities, tax