PROBLEMS OF TAXATION OF INDIVIDUAL PROPERTY IN THE UDMURT REPUBLIC
The tax on individual property is one of the local taxes of the tax system of the Russian Federation, which is established by regulatory legal acts of representative bodies of municipalities and is a source of income for local budgets. The share of property taxes received by local budgets is not more than 20 %, of which 17.5 % are income from land tax and 2.5 % are income from property tax of individuals. A feature of this tax is that its collection is determined solely by the characteristics of the property, regardless of the individual solvency of the taxpayer. From January 1, 2015 in the Udmurt Republic, the tax base for the tax on property of individuals is the cadastral value of real estate, before that the tax was calculated on the basis of the inventory value. In connection with the involvement of new real estate in the tax turnover and as a result of the cadastral valuation of real estate in the Udmurt Republic, there is an increase in the tax base and income tax on property of individuals. Despite this, the analysis of the property tax of individuals based on the cadastral value made it possible to identify a number of problems of its application in the Udmurt Republic, as well as identify possible solutions.