# ASC 720-30-05: Other Expenses — Real and Personal Property Taxes — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 720-30-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/720/30/#05-overview-and-background)

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##### [720-30-05-1](https://asc.understandingaccounting.org/asc/720/30/#720-30-05-1)

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This Subtopic addresses the accounting for real and personal property taxes, specifically, when to record the tax liability and the amounts to be charged to income in future periods.