According to the Tax Code of the Russian Federation, a taxpayer has the right to receive a property tax deduction from the amount he spent on the purchase of a residential building, apartment, education, treatment and other vital needs. The list of objects for which a 13% refund is provided is given in Art. 220 of the Tax Code of the Russian Federation, and is exhaustive.
It is necessary
- - certificate of income in the form of 2-NDFL from the place of work (for the year);
- - passport with a copy;
- - a copy of the purchase and sale agreement;
- - documents that confirm the fact of ownership of the property;
- - documents confirming the previously incurred expenses for the purchase of a car;
- - declaration in the form 3-NDFL.
Instructions
Step 1
Unfortunately, we are in a hurry to disappoint car owners: there is no tax deduction for buying a car in the form it was set for buying an apartment or getting an education. This is due to the fact that the car is not a vital object, but is considered a luxury item. Therefore, a refund of 13% of the purchase amount is not allowed here.
Step 2
But despite this, when selling a car, its owner may not pay tax if the car has been in his ownership for more than 3 years. In this case, no income tax is paid on the sale of the property. In addition, sellers of property that belonged to them for at least three years have been exempted from filing personal income tax since January 2010.
Step 3
If the property (in this case, the car) has served you for less than 3 years, then the amount received from the sale can be reduced by the amount of the tax deduction (250 thousand rubles, until 01.01.2009 125 thousand rubles), and from the balance pay personal income tax - 13%. Here, car sellers often simply reduce the sale amount.
Step 4
Another option for reducing taxation is to reduce the income received from the sale of a car at the expense of the cost of purchasing it. To do this, you must have on hand documents confirming the previous purchase. In this case, the amount of expenses is deducted from the amount of income, and a tax of 13% is paid from the result obtained.
Step 5
When selling several types of property in one calendar year, the amount of the property deduction cannot exceed 250 thousand rubles. After the sale of property, which the owner has disposed of for less than 3 years, he is obliged to submit an appropriate declaration to the tax office. It must be presented to the tax authority no later than April 30 of the next year (after the conclusion of the sale transaction).
Step 6
The tax deduction is based on the Tax Code of the Russian Federation and the Federal Law “On Amendments to Part 2 of the Tax Code of the Russian Federation”.
