Accounting for freely received fixed assets using examples + table with correct entries

What is gratuitous receipt?

The considered method of acquiring a fixed asset relieves the recipient from paying the cost of the asset to the supplier.
The procedure for accepting and transferring a gift is regulated by a donation agreement, which is signed by two parties - the first is called the donor, the second is called the donee. In this case, the donor, under a contractual agreement, has the obligation to transfer the asset to the second party, which, in turn, does not bear any obligations. The recipient has the right to agree or refuse the gift. As a rule, a gift transaction is used to transfer assets by the founders of an organization. But it can also occur between other persons. The type of source of donation of fixed assets affects accounting and the type of transactions reflected.

BASIC

In tax accounting, reflect fixed assets received free of charge at their original cost. At the time of receipt of fixed assets, include their market value in income for calculating income tax (clause 8 of Article 250, subclause 1 of clause 4 of Article 271, clause 1 of Article 273 of the Tax Code of the Russian Federation). At the same time, there is a discount for subsidiaries. They do not need to include in income the cost of fixed assets received free of charge if:

• the transferring party (organization or citizen) owns more than 50 percent of the authorized capital of the recipient organization;
• the receiving organization on the day of transfer of property owns more than 50 percent of the authorized capital of the transferring party. Moreover, if the property is transferred by a dependent foreign company, then its location should not be an offshore zone or a country that provides preferential tax treatment.

In all these cases, the organization can take advantage of the benefit, but only on the condition that within a year from the receipt of fixed assets they will not be transferred to third parties.

This procedure follows from paragraph 8 of Article 250, subparagraph 11 of paragraph 1 of Article 251 of the Tax Code of the Russian Federation.

Advice: there is a way not to take into account in income the cost of fixed assets received free of charge from any founder.

To do this, draw up the minutes of the general meeting of company participants (shareholders), according to which fixed assets are transferred to the organization to increase net assets (subclause 3.4, clause 1, article 251 of the Tax Code of the Russian Federation). In this case, the size of the founder’s share in the authorized capital of the organization does not matter. The opportunity to take advantage of such a benefit appeared on January 1, 2011 and applies to obligations arising from January 1, 2007 (clauses 1 and 2 of Article 4 of the Law of December 28, 2010 No. 409-FZ).

For more information about this, see How to register and record receipt of financial assistance from the founder (participant, shareholder).

Situation: is it possible to take advantage of the benefit provided for in subparagraph 11 of paragraph 1 of Article 251 of the Tax Code of the Russian Federation if the property received free of charge is leased before the end of the year from the date of its receipt?

No you can not.

The value of property received free of charge does not increase the income tax base on the grounds given in subparagraph 11 of paragraph 1 of Article 251 of the Tax Code of the Russian Federation, under one condition. If within one year from the date of its receipt the specified property is not transferred to third parties (subclause 11, clause 1, article 251 of the Tax Code of the Russian Federation).

By “transfer to third parties” one should understand not only the transfer of ownership, but also rent, trust management, pledge, etc. Thus, if an organization rents out assets received free of charge and not included in income during the year, then their value should be recorded as non-operating income.

Determine the amount of income based on market prices, taking into account the provisions of Article 105.3 of the Tax Code of the Russian Federation. It should not be lower than the residual value of fixed assets according to tax accounting. Confirm pricing information with documentation or through an independent assessment.

Reflect non-operating income in the reporting period when the property was received from the founder.

The Ministry of Finance of Russia adheres to a similar point of view (letters dated January 30, 2012 No. 03-11-06/2/11, dated October 18, 2010 No. 03-03-06/1/650).

After the fixed asset is registered, input VAT on costs associated with obtaining the fixed asset and bringing it to a state suitable for use must be deducted. This can be done if other conditions required for deduction are met. For information on deducting input VAT from the value of property received free of charge, see Under what conditions can input VAT be deducted?

Starting from the next month after the facility is put into operation, begin calculating depreciation (clause 4 of Article 259 of the Tax Code of the Russian Federation, letter of the Ministry of Finance of Russia dated March 13, 2009 No. 03-03-06/1/136). The issue of calculating depreciation on fixed assets received free of charge using the cash method of calculating income tax is controversial.

Starting from the next month after accepting the fixed asset for accounting (reflected on account 01 or 03), include its value in the property tax base (clause 1 of Article 374 of the Tax Code of the Russian Federation). It should be taken into account that movable property registered as fixed assets from January 1, 2013 (subclause 8, clause 4, article 374 of the Tax Code of the Russian Federation) is not recognized as subject to property tax.

An example of how fixed assets received free of charge are reflected in accounting and taxation. The fixed asset was received from the founder, whose share in the authorized capital of the organization is more than 50 percent

On January 12, Alpha LLC received production equipment free of charge from the founder (A.V. Lvov). The founder's share in the authorized capital of the organization is more than 50 percent. According to an independent assessment, the market value of the equipment was 111,500 rubles.

The equipment was delivered to the organization by a specialized transport company. According to the contract, the cost of her services was 5,900 rubles. (including VAT - 900 rubles). The installation of the equipment was carried out by the contractor. The cost of installation work is 25,000 rubles. (including VAT - 3814 rubles).

On January 13, the equipment was installed and put into operation.

Upon receipt of the equipment, Alpha’s accountant drew up a report in form No. OS-1. He filled out all the lines in it, except for the supplier’s details and the sections “Information on the condition of the fixed asset item on the date of transfer,” “Passed over,” and “Content of precious materials (metals, stones, etc.).” In the lines “Date of acceptance for accounting” and “Date of drawing up the act,” the accountant indicated “January 13” and “January 12,” respectively. When the equipment was registered, it was assigned the inventory number “57”.

Entries have been made in the organization's accounting records.

January:

Debit 08 Credit 98-2 – 111,500 rub. – reflects the market value of equipment received free of charge, which will be included in fixed assets;

Debit 08 Credit 60 – 26,186 rub. ((5900 rub. – 900 rub.) + (25,000 rub. – 3814 rub.)) – the costs of delivery and installation of equipment are reflected;

Debit 19 Credit 60 – 4714 rub. (900 rubles + 3814 rubles) – VAT is reflected on the costs of delivery and installation of equipment;

Debit 01 subaccount “Fixed asset in operation” Credit 08 – 137,686 rub. (RUB 111,500 + RUB 26,186) – equipment was accepted for accounting and put into operation at its original cost;

Debit 68 subaccount “Value added tax” Credit 19 – 4714 rub. – accepted for deduction of VAT on the costs of delivery and installation of equipment.

In tax accounting, the accountant included equipment as depreciable property at its original cost of RUB 137,686.

The established useful life of equipment in accounting and tax accounting is 61 months. Depreciation in accounting and tax accounting is calculated using the straight-line method. As depreciation was calculated, the market value of fixed assets received free of charge from the founder was reflected in the accounting records of Alpha as part of other income. At the same time, the accountant made the following entry:

Debit 98-2 Credit 91-1 – 1828 rub. (RUB 111,500: 61 months) – the market value of the fixed asset received free of charge is taken into account as part of other income.

In tax accounting in this case, no income arises. Therefore, in accounting monthly, as depreciation is calculated, the accountant reflected a constant tax asset:

Debit 68 subaccount “Calculations for income tax” Credit 99 subaccount “Permanent tax assets” - 366 rubles. (RUB 1,828 × 20%) – reflects a permanent tax asset on income in the form of the market value of a fixed asset received free of charge from the founder, which does not increase taxable profit.

Accounting

If a company receives an asset free of charge, then, first of all, the possibility of accounting for it as a depreciable fixed asset is determined. If this is possible, that is, the three conditions listed above are met, then the next question arises - what amount to take for the initial cost of this property.

Important! If the price of a fixed asset in the current market value is within the limit - the cost is less than 40 thousand rubles. (the company sets it independently within 40 thousand rubles), then the asset can be classified as an inventory without the obligation of depreciation charges.

Formation of initial cost

The capitalization of a gratuitously received asset is carried out at the market value determined at the moment.

This cost indicator must be calculated on the day the donated object is accepted for accounting as an investment in non-current assets.

What is meant by the current market value of a gratuitously received fixed asset according to the law? According to the official definition, this is the amount of money that can be obtained from the sale of an accepted fixed asset on the day of its receipt.

The 29th paragraph of the Methodological Instructions determines the procedure for determining this indicator. According to the third paragraph of this paragraph, when establishing the market value you can:

• apply information on prices for similar fixed assets - such information can be confirmed by documents from manufacturers;
• analyze statistical indicators - you can get them from Rosstat, inspections, the media, special literature, this information can also be documented;
• resort to the services of experts, appraisers, who, after inspecting the fixed asset, determine its value and write a conclusion.

Important! The calculated cost indicator in the form of a market price must be supported by paper confirmation.

The initial cost of a gratuitously received asset can be formed by the following components:

1. Market price.
2. Transport expenses.
3. Payment for the services of experts and other consultants.
4. Payment for obtaining statistical information to assess the cost of the OS.
5. Costs for installation, adjustment and assembly.

The sum of all the listed indicators shows the cost at which fixed assets received free of charge must be capitalized.

What documents should I prepare?

When transferring a fixed asset free of charge, you must prepare the following documents:

1. Donation agreement – ​​defines the terms and conditions for the acceptance and transfer of fixed assets, while indicating the gratuitousness of the transaction.
2. Acceptance and transfer certificate – confirms the fact of transfer of fixed assets to the organization free of charge. As a rule, it is drawn up using standard forms: OS-1a for structures, OS-1b for group assets, OS-1 for other single fixed assets.

The accountant, on the basis of the transfer deed, reflects the necessary entries in the accounting records - postings.

Postings upon gratuitous receipt of OS

The gratuitous receipt of a fixed asset is reflected by an entry in the accounting accounts if there is a transfer form of the act and paper indicating the market price of the asset.

All fixed assets received by enterprises are accounted for in account 01. Debit shows the cost of assets on the balance sheet, credit shows the cost of disposed fixed assets.

The amount of all expenses for the acquisition of an asset is collected in the intermediate account 08, where all investments in the object are reflected, after which it is transferred to the debit of account 01 in one transaction.

Depending on the type of costs, account 08 debit corresponds with the credit of the corresponding accounting accounts:

1. 83 – applies when the OS is donated by the founder of the company;
2. 98 – applies when OS is donated by another person other than the founder;
3. 60 or 76 – used to account for costs of delivery, assembly, installation, consulting services;
4. 20, 44, 69, 70, etc. – to account for expenses for delivery and installation carried out on your own.

Fixed assets received free of charge are accounted for in different entries depending on the source of the donation:

• the asset is accounted for as part of additional capital on account 83 if it was received from the founder of the company;

the asset is included in future income in account 98 if it came from any other person.

Important! During the operation and depreciation of the fixed asset used, its cost is consistently included in current income from the 98th account to the 91st.

How to capitalize from the founder of the company

Accounting entries for the free receipt of fixed assets from the founder of the company:

Accounting

The receipt of property received by the organization free of charge is reflected in the debit of account 08 “Investments in non-current assets” in correspondence with the credit of account 98 “Deferred income”. And the subsequent acceptance of fixed assets for accounting - by debiting account 01 “Fixed assets” or account 03 “Profitable investments in tangible assets” in correspondence with the credit of account 08 “Investments in non-current assets”. You can open subaccounts for accounts 01 and 03, for example, “Fixed asset in warehouse (in stock)” and “Fixed asset in operation.”

Costs associated with the gratuitous receipt of fixed assets should be reflected in account 08 “Investments in non-current assets”.

If the time of registration of a fixed asset and its commissioning coincides, make the following entries in accounting:

Debit 08 Credit 98-2

– reflects the market value of the property received free of charge, which will be taken into account as part of fixed assets;

Debit 08 Credit 23 (26, 60, 76...)

– reflects the costs of bringing the fixed asset to a state suitable for use;

Debit 19 Credit 60 (76)

– VAT is reflected on costs associated with bringing the fixed asset to a state suitable for use;

Debit 01 (03) subaccount “Fixed asset in operation” Credit 08

– the fixed asset was accepted for accounting and put into operation at its original cost.

If the moments of registering a fixed asset and its putting into operation do not coincide, make the following entries:

Debit 08 Credit 98-2

– reflects the market value of the property received free of charge, which will be taken into account as part of fixed assets;

Debit 08 Credit 23 (26, 60, 76...)

– reflects the costs of bringing the fixed asset to a state suitable for use;

Debit 19 Credit 60 (76)

– VAT is reflected on costs associated with bringing the fixed asset to a state suitable for use;

Debit 01 (03) subaccount “Fixed asset in warehouse (in stock)” Credit 08

– property is included in fixed assets at historical cost.

This procedure follows from paragraphs 20 and 29 of the Methodological Instructions, approved by Order of the Ministry of Finance of Russia dated October 13, 2003 No. 91n, Instructions for the chart of accounts and letter of the Ministry of Finance of Russia dated September 17, 2012 No. 07-02-06/223.

In accounting, pay off the cost of fixed assets by calculating depreciation. Depreciation is accrued for fixed assets of non-profit organizations. This procedure is provided for in paragraph 17 of PBU 6/01.

The market value of fixed assets received free of charge is recognized as other income. Take it into account in account 91-1 “Other income” as depreciation is calculated. In this case, do the wiring:

Debit 98-2 Credit 91-1

– the market value of the fixed asset received free of charge is taken into account as part of other income.

This procedure follows from paragraphs 7 and 10.3 of PBU 9/99, Instructions for the chart of accounts (accounts 91-1, 98) and letter of the Ministry of Finance of Russia dated September 17, 2012 No. 07-02-06/223.

Free receipt of fixed assets in 1C: Accounting 8 edition 3.0

One of the options for receiving an object of fixed assets to an organization is to receive it free of charge under a gift agreement.

Under a gift agreement, one party (the donor) gratuitously transfers or undertakes to transfer to the other party (the donee) a thing in ownership or a property right (claim) to himself or a third party, or releases or undertakes to release it from a property obligation to himself or to a third party (p .1 Article 572 of the Civil Code of the Russian Federation (Civil Code of the Russian Federation)).

In this article, we will look at a specific example of how to reflect in the 1C: Accounting 8 edition 3.0 program the receipt by an organization from an individual under a donation agreement of an object of fixed assets and its acceptance for accounting and tax accounting.

Let's look at an example. The organization "Rassvet" applies the general taxation regime - the accrual method and PBU 18/02 "Accounting for calculations of corporate income tax." The organization is a VAT payer.

In May 2022, the Rassvet organization received from an individual Sidorov S.S. under a gift agreement, a new (not used) fixed asset item. The market value of the property is 120,000 rubles. Sidorov made the payment to the independent appraiser. To bring the facility to a usable state, the services of a third party were required. The cost of services is 6,000 rubles, including VAT 20% (1,000 rubles). In the same month, the fixed asset item was accepted for accounting and put into operation in the Directorate division. The object belongs to the second depreciation group. The useful life is set, in accordance with OKOF, equal to 25 months, depreciation is calculated using the straight-line method.

In accounting, an asset received by an organization under a gift agreement fully satisfies the conditions established in clause 4 of PBU 6/01 and is accepted for accounting at its original cost. In accordance with clause 10 of PBU 6/01, the initial cost of fixed assets received by an organization under a gift agreement (free of charge) is recognized as their current market value on the date of acceptance for accounting as investments in non-current assets.

Acceptance for accounting of an object of fixed assets received by an organization free of charge, in accordance with clause 29 of the Guidelines for the accounting of fixed assets, is reflected in the debit of account 08 “Investments in non-current assets” in correspondence with the credit of account 98 “Deferred income” with the subsequent reflected in the debit of account 01 “Fixed assets” in correspondence with the credit of account 08.

For profit tax purposes, the received object satisfies the requirements of paragraph 1 of Art. 256 of the Tax Code of the Russian Federation (TC RF) and is recognized as depreciable property. In accordance with paragraph 1 of Art. 257 of the Tax Code of the Russian Federation, if the fixed asset was received free of charge, then its initial cost is determined as the amount at which such property is valued in accordance with clause 8 of Art. 250 of the Tax Code of the Russian Federation (market value).

Typically, the receipt of an item of fixed assets is reflected in the program using the document Receipt with the type of operation Equipment or the type of operation Fixed Assets, but we have a special “free” receipt, in which the differences between accounting and tax accounting are recognized. The Receipt document cannot fully process such an operation without manually adjusting the postings. Therefore, we will use the document Operation (accounting statement).

In the tabular part of the document, we will add entries that comply with the methodological instructions. By debit, select account 08.04.1 “Purchase of components of fixed assets” and fill in its analytics. As the first subconto, we will indicate the received fixed asset object - an element of the Nomenclature directory with the item type Equipment (fixed asset objects).

As the second sub-account (the accounting policy of the organization establishes a method for assessing inventories using FIFO), we will create and select the document Batch in which we will indicate the donor counterparty and the gift agreement (Fig. 1).

Picture 1.

As the third subaccount (we have warehouse accounting installed in the program), we will indicate the storage location, in our case - the Main warehouse. Let’s not forget to indicate the number of fixed assets - 1. For the loan, we will select account 98.02 “Gratuitous receipts”. In the initial state in the program, this subaccount in the chart of accounts does not have any analytics. This is not very convenient, so I decided to add analytics to the account (although you can do without analytics) (Fig. 2).

Figure 2.

Let's fill out the analytics of the above account and get into the amounts. As we have already said, in accounting and for profit tax purposes, the value of property received free of charge is its current market value (details Amount and NU Amount Dt). But we have some problems with the NU Amount Kt details, since, in accordance with clause 8 of Art. 250 of the Tax Code of the Russian Federation, the market value of property received free of charge is recognized as non-operating income, and not deferred income, as in accounting. Therefore, we will reset the above amount and reflect the corresponding temporary difference (BP Amount Kt).

We will add the second wiring by copying. Let's reset the Quantity of Dt and replace the loan account (98.02) with account 91.01 “Other income”. As an analytics, we will select (create) an item of other income and expenses with the type Free receipt of property, work, services, property rights. In this posting, we will indicate only the amount of the loan in tax accounting (NU Amount Kt) and reflect the corresponding temporary difference with a minus sign (BP Amount Kt).

An example of filling out the Operation document is shown in Fig. 3.

Figure 3.

In accounting and tax accounting, an asset is taken into account at its original cost, and the initial cost is the amount of actual costs. Therefore, the costs associated with bringing the fixed asset to a state suitable for use are included in the initial cost of the fixed asset.

To perform this operation in the program, you can use the document Additional Receipt. expenses.

The header of the document indicates the contractor who performed the work and the agreement with him, the cost of the work performed, the method of distribution, and the VAT rate.

The tabular part on the Products tab is filled in manually. The fixed asset received under the gift agreement is selected, the quantity and amount are indicated, and the batch document is selected. Accounting accounts are filled in automatically. The only thing is that the VAT invoice presented, in my opinion, you need to select 19.01 “VAT on the acquisition of fixed assets.”

In the “footer” of the document, the invoice received from the counterparty is registered (the document Invoice received is created).

When carried out, the document in accounting and tax accounting will reflect on the debit of account 08.04.1 in correspondence with the credit of account 60.01 “Settlements with suppliers and contractors” the costs associated with bringing the fixed asset to a state suitable for use, and will allocate on the debit of account 19.01 the amount presented by the counterparty VAT. The document will also make an entry in the VAT accumulation register presented.

Example of filling out the document Receipt of additional. expenses and its result are shown in Fig. 4.

Figure 4.

The organization has the right to deduct the amount of VAT presented by the work supplier. In the program, VAT can be deducted using the regulatory document Formation of purchase ledger entries, or directly in the Invoice document received, with the Reflect VAT deduction in the purchase ledger by the date of receipt checkbox enabled. In our example, the second method is used. Therefore, when posted, the document Invoice received will take for deduction the amount of VAT presented by the supplier, creating in accounting an entry for the debit of account 68.02 in correspondence with the credit of account 19.01. Writes off the VAT accumulation register presented and makes an entry in the Purchases VAT accumulation register (purchase book).

The Invoice document received and the result of its execution are shown in Fig. 5.

Figure 5.

You have to pay for the work. To perform this operation in the program, we will use the document Receipt to current account with the transaction type Payment to supplier. The document Receipt to the current account and its posting are shown in Fig. 6.

Figure 6.

To reflect the fact of acceptance for accounting and commissioning of a fixed asset object, the program uses the document Acceptance for accounting of fixed assets with the type of operation Equipment.

The header of the document indicates the financially responsible person, the location of the fixed asset and the event Acceptance for accounting with commissioning.

On the Non-current asset tab, the method of receipt of the fixed asset item is indicated and the corresponding element is selected from the Nomenclature directory, accounting account 08.04.1 is set automatically.

In the tabular section, on the Fixed Assets tab, a fixed asset (an element of the Fixed Assets directory) is created and an inventory number is assigned to it.

On the Accounting tab, the accounting account is indicated - 01.01 “Fixed assets in the organization”, the accounting procedure is Depreciation, the depreciation account is 02.01 “Depreciation of fixed assets accounted for on account 01”, the method of calculating depreciation, the method of reflecting depreciation expenses and the useful life use.

On the Tax Accounting tab, the procedure for including costs in expenses and the useful life are indicated.

When posting a document in accounting and tax accounting, it will write off the generated initial cost of the fixed asset from the credit of account 08.04.1 to the debit of account 01.01 and generate entries in many special registers of information for accounting for fixed assets.

An example of filling out the document Acceptance for accounting of fixed assets and the result of its implementation are shown in Fig. 7.

Figure 7.

When property is received free of charge, income from future periods is recognized in accounting, and for profit tax purposes, income is recognized in the current period. Consequently, in accordance with clause 11 of PBU 18/02, deductible temporary differences arise (we reflected them in the Operation document). Deductible temporary differences (DTD) lead to the recognition of a deferred tax asset (DTA), the amount of which can be calculated using the following formula:

SHE = VVR * STnp = 120,000 rubles * 20% = 24,000 rubles

The functions of PBU 18/02 in the program are performed by the regulatory operation Calculation of income tax. The movement of temporary differences and the recognition of deferred tax assets and liabilities can be conveniently tracked using a special calculation certificate, Deferred tax assets and liabilities, which can be generated directly at the end of the month.

The calculation certificate and posting of the scheduled operation for May are presented in Fig. 8.

Figure 8.

In accordance with clause 4 of PBU 6/01, the cost of fixed assets is repaid through depreciation. Depreciation on a fixed asset item begins on the first day of the month following the month in which this item was accepted for accounting (clause 21 of PBU 6/01).

In accordance with paragraph 4 of Art. 259 of the Tax Code of the Russian Federation, the calculation of depreciation for depreciable property objects begins on the 1st day of the month following the month in which this object was put into operation.

Consequently, in June, depreciation will begin to be calculated in accounting and tax accounting. With the linear method of calculating depreciation, the monthly amount of depreciation charges in accounting and for profit tax purposes is calculated using the following formula:

Am = STp / SPI = 125,000 rubles / 25 months = 5,000 rubles

Posting of the routine operation Depreciation and depreciation of fixed assets for June 2022 is presented in Fig. 9.

Figure 9.

In accordance with clause 29 of the Methodological Guidelines for Accounting for Fixed Assets, for the amount of the initial cost of fixed assets received by the organization under a gift agreement (free of charge), the financial results of the organization are formed during the useful life as other income. Therefore, simultaneously with the calculation of depreciation, the corresponding amount of deferred income must be written off from the debit of account 98 to the credit of account 91. Therefore, before closing the month, in order to perform the above operation, it is necessary to create an Operation document.

The monthly write-off amount for deferred income (DBP) can be calculated using the following formula:

Write-off amount = DBP / SPI amount = 120,000 rubles / 25 months = 4,800 rubles.

In the document it is necessary to create only one transaction: Dt 98.02 – Kt 91.01. As an analytics for account 91.01, you must select the item of other income and expenses with the type Free receipt of property, work, services, property rights (the same item that we used when receiving fixed assets). Only the accounting amount is filled in in the posting and the corresponding amounts of temporary differences are reflected. Such a document must be generated every month during the useful life of the fixed asset.

Filling out the document Operation is shown in Fig. 10.

Figure 10.

Thus, in June, when writing off future income, other income is recognized in accounting, but for income tax purposes there is no income (all of it was already recognized in the previous period), therefore, in accordance with clause 12 of PBU 18/ 02, taxable temporary differences arise (we have just reflected them). Taxable temporary differences (TDT) result in the recognition of a deferred tax liability (DTL) or the settlement of a deferred tax asset (DTA), provided that it has been accrued. The OTA repayment amount is calculated using the formula:

Repayment ONA = NVR * STnp = 4,800 rubles * 20% = 960 rubles

The reference calculation and posting of the regulatory transaction Calculation of income tax for June are presented in Fig. eleven.

Figure 11.

Other income received by the organization from writing off deferred income on gratuitously received property and the accrued deferred tax asset are reflected in the Statement of Financial Results.

A fragment of the Financial Results Report of the Rassvet organization for the first half of the year is presented in Fig. 12.

Figure 12.

For profit tax purposes, non-operating income recognized upon gratuitous receipt of property is reflected in the income tax return.

A fragment of Appendix 1 to sheet 02 of the income tax return of the organization “Rassvet” for the first half of the year is presented in Fig. 13.

Figure 13.

Free use in 1C

Transactions – Accounting – Manually entered transactions.

See also:

• VAT on free transfer
• Free use: legal review
• Free use: taxation features
• [10.10.2019 entry] Reporting for 9 months of 2022 in 1C part 1 (income tax, simplified tax system, property taxes)

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Free use for the lender

The transfer of the right to use property is subject to VAT (Decision of the Supreme Court dated August 23, 2019 N 303-ES19-13105).

The lending organization must calculate VAT on this service (clause 1, clause 1, article 146 of the Tax Code of the Russian Federation).

The amount on which VAT should be charged is determined based on market prices (excluding VAT) for the rental of similar property in comparable economic conditions (clause 2 of Article 154 of the Tax Code of the Russian Federation).

Maintenance costs, including depreciation charges, of property transferred for use free of charge cannot be recognized by the lender (Article 252 of the Tax Code of the Russian Federation, clause 2 of Article 322 of the Tax Code of the Russian Federation)

Depreciation in NU ceases to be accrued from the 1st day of the month following the month of transfer of property (clause 6 of Article 259.1 of the Tax Code of the Russian Federation).

OS in accounting and tax accounting

To put a fixed asset on the balance sheet, several conditions must be met:

1. Will work for the company and will not be resold.
2. Use time for at least twelve months
3. It will bring real income to the organization

According to legal requirements and accounting rules, low-value property worth up to forty thousand can be immediately written off. For example, a personal computer for 25,000 rubles can be classified as inventories and written off as expenses on the first day of its use, then depreciation is not charged. If an enterprise has accepted fixed assets for accounting, then it is necessary to calculate depreciation at least once a month. Organizations working on the simplified tax system can independently provide for the frequency of depreciation in their accounting policies.

There are three ways to write off the cost of a fixed asset:

• linear;
• reducing balance method
• method of writing off value by the sum of the numbers of years of useful use;

The costs that affect the initial cost of a property differ in some cases. In tax accounting, it is possible to use linear and non-linear depreciation methods. Upon completion of modernization in accounting, it is necessary to increase the useful life of the object. There are no restrictions on its increase. In tax accounting, this period does not need to be changed, and its increase is possible within the limits established for its depreciation group.