Text file: 531.txt
author: mlad25
downvotes: 4
end consideration date: 2010-04-02
id: '531'
number comments: 20
number views: 3708
proposal type: Competent authority response
response: 'Response from the Ministry of Finance

  In its broadest sense, wealth taxation refers to any thing or right that constitutes
  wealth or property. Therefore, in addition to immovable property, taxation of wealth
  can also refer to the taxation of movable property, e.g. in the form of securities,
  other financial investments, business assets of companies, cars, gold, jewellery,
  artworks, antiques and other movable property. Real property represents only part
  of the assets of a particular natural or legal person.

  Property is usually taxed at its net asset value, i.e. its market value less the
  liabilities charged to the property. From the perspective of wealth taxation, the
  problems that most often arise are the recording of wealth, the availability of
  adequate data for assessing its value, and the capacity of the tax services to implement
  the legal provisions. This makes the implementation of such taxes very challenging.  Equity
  issues also arise in the principle of taxing the same wealth equally, as this type
  of taxation has no impact on the distribution of wealth. At the same time, there
  are various exceptions for certain segments of the population and occupational groups,
  which eventually undermine the principle of equality.

  Most Western European countries have abandoned the tax on the common property of
  natural or legal persons, limiting their legislation to the taxation of real estate
  and other registered property (e.g. motor vehicles, boats, etc.). Slovenia is also
  a case in point, where, in addition to real estate, which is taxed through the land
  use allowance and the property tax, motor vehicles and boats are also taxed. Motor
  vehicles are taxed by an annual road vehicle use tax and vessels by a watercraft
  tax. While both the levies on vessels and motor vehicles are not true property taxes,
  since the tax base is not set as a value, they play an indirect role, as higher-value
  property is generally taxed more heavily due to its higher capacity.

  As regards the taxation of immovable property, the Ministry of Finance has been
  working for some time on a proposal for a new Law on Property Tax. The aim of the
  Bill is to modernise the system of property taxation and replace the current levies
  in this area, i.e. the property tax and the building land use allowance. Importantly,
  the basis for taxing immovable property will be its market value, which will allow
  for fairer and more objective taxation. The principle starting point of the new
  system, which involves setting the tax base at the level of market value, is the
  inclusion of all immovable property and a relatively low tax rate which should not
  overburden taxpayers and thus influence their personal and business decisions related
  to immovable property. The level of the tax liability should therefore be set at
  a level that allows it to be paid without forcing the taxable person to sell the
  property in order to pay the tax.   '
response date: 2010-04-16
response due date: null
sent date: 2010-03-03
title: Property, yachts and vehicle tax
upvotes: 28
url: https://predlagam.vladi.si/predlog/531
