The entrepreneur has the large premises, but decided to place products more compactly, and rent out the rest of the space for additional income. How to fill in form No. 20-ОПП in this case during reporting read below.
Accounting aspects of renting real estate
According to item 14.1.972 of the Tax Code lease of residential premises is an operation that provides for the provision of a residential building, apartment or part thereof by the owner for the possession and use of the tenant for a specified period of time for targeted use for rent.
According to item 170.1.2 of the Tax Code by the tax agent of the tax payer – the lessor during the accrual of income from the rental of real estate objects, other than those specified in item 170.1.1 of the Tax Code (including a plot of land located under such real estate or a plot of land) is a tenant. At the same time, the object of taxation is determined according to the amount of rent specified in the lease agreement.
In the case of leasing an object of real property or its part, a notification about objects of taxation or objects related to taxation or through which activities are carried out according to form No. 20-ОПП (hereinafter – notification under form No. 20-ОПП) is submitted to the controlling authorities by both the owner of real estate – the lessor, and the lessee, in the manner and within the time limits specified in para. 8.3-8.5 Chapter VIII of Order No. 1588.
Filling out form No. 20-ОПП
Each taxable object that is leased (rented) is assigned an identifier accepted by the business entity – the lessor (tenant), and the actual state of the taxable object at the time of filling out the notification under form No. 20-ОПП.
In column 9 ‘State of the object of taxation’ of the notification under form No. 20-ОПП, the business entity (lessor) indicates the status – ‘for rent’, the business entity (tenant) – ‘rented’.
In the absence of the name of such objects of taxation in the notification under form No. 20-ОПП, the lessor (tenant) indicates the inventory number of the taxable object specified in the lease agreement.
Therefore, a business entity – the owner of real estate in case of renting out part of the premises (individual rooms, offices, square meters) must submit the notification under form No. 20-ОПП in accordance with the procedure and terms specified in para. 8.3-8.5 Chapter VIII of Order No. 1588.
Item 8.4 of Chapter VIII of Order No. 1588 determines that during the provision of notifications under form No. 20-ОПП the principle of consolidation of information provided about the object of taxation (for example, if information is provided about objects of taxation – office, warehouse, warehouse-store, located in one office center at one address, it is enough to provide information at one from the types of taxation objects, specifying in the name: office, warehouse, warehouse-shop) applies.
If taxable objects of the same type are provided for rent at different locations, the information in the notification under form No. 20-ОПП is displayed for each object separately.
The principle of consolidation of information is not applied when providing information about objects of movable and immovable property, which are subject to registration in the relevant state body with the receipt of a certain registration number (for example, in the notification under form No. 20-ОПП, information is provided both about the land plot and about a non-residential real estate object located on such a plot of land).
