Visma Skatt & Bokslut Pro

Tax value of real estate

In Year-end closing - Basis for tax return - Tax appendices - Add tax appendix, you can add the calculation appendix Taxation value of real estate.

If you own real estates, this appendix helps you to you need to calculate the taxable value of each real estate when calculating the interest distribution/expansion fund.

The calculation appendix supports up to three real estates. If you have more, just create additional calculation appendices.

The calculation appendix handles both the main rule and the alternative rule.

If the real estate was acquired before 1991, you can select the checkbox for the alternative rule. The page is then expanded with more calculation fields.

Enter the required data for the whole real estate, even if you own a certain part. The fields My share at the beginning of the year (%) and My share at end of year (%) will distribute the own base accordingly.

The program transfers the highest value under the main rule or the alternative rule for each separate real estate to the Interest allocation and Expansion fund pages under Sole proprietorship. Only your own share is transferred.

If you only want to use the calculation appendix as an aid without affecting other parts of the program, make sure that the Transfer values to Interest allocation and Expansion fund in Sole proprietorship toggle at the top of the page is not selected.
No transfer will then be made to the pages Interest allocation and Expansion fund.

General information on the valuation of real estate

If you sell real estate in your business, the real estate is a current asset and should be valued at book value less depreciation and similar deductions.
A business property that you use in your business is a fixed asset and can be valued in two ways: the main rule or the alternative rule.

The main rule

The main rule is that you take the acquisition value (usually the purchase price) of the land, building and land improvements and reduce it by the deductions you have made for depreciation of the building and land improvements.

When using the main rule, it does not matter when you acquired the property.

The alternative rule

You can only use the alternative rule if you owned the real estate before January 1, 1991. When you then calculate the value under the alternative rule, you start from a certain percentage of the assessed value in 1993.

Type of property	Percentage rate
House	54%
Apartment building units	48%
Industrial units	64%
Agricultural units	39%

The value obtained by multiplying the relevant percentage by the taxable value must be reduced by the depreciation deductions and similar deductions made in the 1982-1993 declarations, if the deduction per year amounts to at least 10 percent of the share in the taxable value above. You must also deduct the depreciation and similar deductions made in later tax returns (after 1993) up to and including last year's, regardless of their size. An example of a similar deduction is the forestry deduction.