Kaasaskantavatestin

Kaasaskantavatestin is a Finnish law that deals with the appraisal and taxation of cooperative housing associations. The law was enacted to provide a framework for the valuation and taxation of cooperative housing associations, which are a common type of housing in Finland.

According to Kaasaskantavatestin, a cooperative housing association is considered a taxable entity if it has a net worth exceeding a certain threshold, set by the law. The association's net worth is determined by taking into account its assets, liabilities, and equity. Once the threshold is exceeded, the association must be taxed on its net worth.

The law also establishes the method for valuing the net worth of a cooperative housing association. This involves determining the market value of the association's assets, such as its real estate and equipment. The market value is then compared to the association's liabilities and equity to determine its net worth.

The tax rate for cooperative housing associations is the same as for other types of entities, which is typically a corporate tax rate in Finland. However, the association's net worth is taxed, rather than its profits or dividends. This means that the association's tax liability will be based on its net worth, rather than its earnings.

Kaasaskantavatestin serves to ensure that cooperative housing associations are taxed fairly and consistently, while also providing a framework for the valuation and taxation of these entities. It applies to all cooperative housing associations in Finland, and its provisions are based on the principles of Finnish tax law.