Property can absorb the non-profit organization - 12 October 2011

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19:00 Property can absorb the non-profit organization
Property lawfully nonprofit depreciate when it was acquired by funds from the business activity. It is also the property should then be used for activities of a commercial nature. This was recently voted the Russian Finance Ministry in its letter № 03-03-06/4/108 of September 28, 2011. Expanding the question about the property-for-profit organization, the agency stated in the current tax legislation - Article 156, paragraph 1 of the Tax Code. Amortize legitimate not only property but also the results of intellectual activities which are in the organization or individual entrepreneur on the property. Recall, that this property should be used for commercial purposes. Simultaneously, in subparagraph 2 of paragraph 2 of Article 156 of the Tax Code states that property NCB, which is used for non-commercial purposes is not subject to amortization action. So officials have concluded that if the property was acquired by a nonprofit organization through cash from the business activity, it can absorb. If the target were spent money, it is not legally do under current legislation.
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