Loginova T.A. Reserves of Growth of Local Budgets as a Result of Taxation of Immovable Property

Abstract: Low fiscal significance of tax on property of individuals and land tax in local budgets along with gradual transition to taxation of immovable property in the Russian Federation based on cadastral value have defined interest to depiction of the factors of growth of these taxes. The subject of the research is taxation of immovable property of individuals. The object of the research is influence of the decisions made at federal level in relation to these taxes on the sustainability of local budgets. Legislative acts of representative bodies of municipalities and laws of cities of federal importance Moscow and St. Petersburg, which set new rules of collection of tax on property of individuals, data of statistical reportings of tax authorities and results of control actions in respect of land tax served as the methodological basis of the research. The author of the research used the following research methods: observation, analysis, comparison and generalization. The scientific novelty of the research is caused by the fact that the author creates the mechanism for taxation of immovable property of individuals on the basis of cadastral value with the use of defined and not fully used factors of growth. The special contribution made by the author is the grounding and proposal of change of the current approach to the establishment of tax deductions and tax benefits/exemptions.

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