Мая Начкова
Abstract:In the context of the existing conditions of continuing global economic crisis due to the war conflicts in the world and due to the consequences of the past COVID-19 pandemic, the enterprises’ interest to invest their own funds in secure assets and alternative activities of their principal business, a namely, in the acquisition and management of real estates, grows higher and higher. The increased interest to the real estate business results from the recently multiplied real estate transactions and from their required tax effect. This publication highlights the specificities of accounting and taxation of transactions with enterprises’ real estates through purchase and sale. The purchase and sale of real estates is characterized with specific accounting operations that directly depend on the type of acquisition, on the soled fixed tangible assets and on the way the real estate transactions are funded, respectively. Special focus in put on the purchase and sale transactions with land and buildings, and their adjacent plots. The information about performed real estate transactions through purchase and sale should be disclosed in the enterprises’ financial statements in timely, objective, true and fair manner. The objective is to present, justify and distinguish the specific characteristics of accounting and taxation of enterprises’ real estate purchase and sale transactions in terms of content, funding method and performance technology in the light of the good world accounting practices.
Key words: real estates; purchase and sale; financial statements.
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