Analysis of economic essence of land as object of taxation

Alena S. Pavliy

Abstract


The article is devoted to the analysis of land value taxation which is an important direction of the overall tax system. The main target of the paper is to consider the economic essence of the land as the object of taxation. It is also important to pay attention to the difference between such terms as "land", "land parcel" and "land resources" that are used as identical, although in fact they have certain differences.The analysis of scientific publications of domestic and foreign economists and researchers on the issue of land value taxation has been conducted in the article. A special attention is given to the consideration of land in terms of its multifunctional use. Characteristics of the land as spatial basis for location of housing services and sectors of the national economy, the object of sale and means of production have been analyzed. Particular attention is given to the characteristics of land as real estate. Considering the land as a commodity the comparative analysis of market and area-based assessment of the land has been performed. The advantages and disadvantages of both ways of land valuation have been identified. The essence of the land market and factors that influence its formation has also been determined. The features of land as means of production have also been reviewed. The essence of such terms as "land", "land parcel" and "land resources" have been considered according to the law of Ukraine.It is summed up that on the one hand, land is a natural resource, which is characterized by space, topography, soils, flora and fauna, and evaluated from a position of multifunctional performance that is not always related to the income. On the other hand, the land is considered as an integral and essential part of any real estate property and is assessed in terms of its utility and profitability. Thus the land is a complicated object of taxation, the economic essence of which is revealed in the use of the land by entities that have ownership of it defined by the laws.

Keywords


land; land parcel; land resources; land taxation; real estate asset; land market; means of production

Full Text:

PDF

References


Verkhovna Rada of Ukraine (2001). Land Code of Ukraine of October, 25 2001 No.2768-III. Vidomosti Verkhovnoyi Rady Ukrayiny, 3-4, 27 [in Ukrainian].

Verkhovna Rada of Ukraine (2012). The Law of Ukraine On Land Protection of October 16, 2012 No. 5462-VI. Vidomosti Verkhovnoyi Rady Ukrayiny, 39, 349 [in Ukrainian].

Verkhovna Rada of Ukraine (2003). Law of Ukraine On Land Assessment of December 11, 2003 No. 1378-IV // Vidomosti Verkhovnoyi Rady Ukrayiny, 15, 229 [in Ukrainian].

Lojko, P.F. (2002). To the problem of assessing natural resources and land as components of the country's national wealth. Real Estate and Investment. Legal Regulation, 2-3, 11-12 [in Russian].

Tretyak, A.M. & Dorosh, O.S. (2006). Land Management. Vinnytsya: Nova Kniha Publishing house [in Ukrainian].

Verkhovna Rada of Ukraine (2010). Tax code of Ukraine on December, 2, 2010 No 2755-VI. Vidomosti Verkhovnoyi Rady Ukrayiny, 13-14-15-16-17, 112 [in Ukrainian].

Lebedeva, O.I. (2013). Land as an economic category. Problems of Modern Economics, 3(47), 124-129 [in Russian].

Dye, R. F. & England, R. W. (2010). Assessing the Theory and Practice of Land Value Taxation. Cambridge: Lincoln Institute of Land Policy.

Tretyak, A.M. (2002). Theoretical Foundations of land use. Kyiv: Ahrarna nauka [in Ukrainian].

Barnes, P. (2014). With liberty and dividends for all: how to save our middle class when jobs don’t pay enough. San Francisco: Berrett-Koehler Publishers.

Pan'kiv, Z.P. (2008). Land resources . Lviv: Lviv University after I. Franko Publishing Cetre [in Ukrainian].

Bird, R.M. & Slack, E. (2005). Land and property taxation in 25 countries: a comparative review. CESifo DICE Reports (No.3).

Cabinet of Ministries of Ukraine (2011). Resolution On Approval of the Methodology of regulatory monetary value of non-agricultural land of November, 2011 No. 1278. Retrieved http://zakon2.rada.gov.ua/ [in Ukrainian].

EEA (2010). Land in Europe: prices, taxes and use patterns. EEA Technical reports (No. 4).

Knysh, V.I. (2002). The principle features of the combination use of land as a natural resource, the main means of production and territorial basis. Aktual'ni problemy vdoskonalennya chynnoho zakonodavstva Ukrayiny: zbirnyk naukovykh stattey, 10 [in Ukrainian].

Sydorenko, I.I. (2013). Analysis of approaches to develop a viable economic and environmental land use. Visnyk Chernihiv state technological university. Economics Series, 4(70), 330-339. Retrieved from www.stu.cn.ua [in Ukrainian].


Refbacks

  • There are currently no refbacks.