Synopsis:
Property Tax (Part 1): What is “Annual Value” & the Methods of Assessment of Annual Value
In this part, the conceptual standard of “annual value” which is used for the purposes of property tax is discussed. The various methods of the assessment of annual value (i.e. rental comparison method, contractor’s test, profits method and statutory methods) are also discussed in this session.
Part 2 of this series is titled: Property Tax (Part 2): What is Taxable, the Principles of Assessment & the Important Dates (Objection/Appeal)
It is recommended to view both parts of this series in sequence.
Intended For:
A fundamental course suitable for all Accounting, Tax and Audit Professionals. Accountants who deal with expenses and outgoings pertaining to the management of properties, and those who are interested to ensure that they are not paying excessive Property Tax are encouraged to attend.
Competency Mapping: