When buying a car, unlike housing, you cannot receive a tax deduction. This possibility is not provided for by the current legislation of the Russian Federation. Another thing is that when buying a car, you can take care of getting rid of the need to pay tax in the event of its subsequent sale. The procedure for obtaining a tax deduction for the sale of a vehicle is the same as for any other tax deduction.
It is necessary
- - confirmation of the amount of the transaction for the purchase of the car;
- - certificate of state registration of a vehicle;
- - tax declaration in the form of 3 personal income tax (not in all cases);
- - confirmation of all income received for the year in which you sold the car, and payment of personal income tax from them;
- - an application for a tax deduction (not in all cases).
Instructions
Step 1
When buying a car, keep the documents confirming how much it cost you. Depending on the situation, this is an invoice and a check from a car dealership, a purchase and sale agreement, bank documents confirming the transfer of money (it will not be superfluous to indicate in the purpose of payment that this is a payment for the purchased car), a buyer's receipt or other confirmations. When importing a foreign car purchased abroad, keep a notarized translation of all papers confirming the transaction and the value of the car, and customs papers confirming the payment of the duty on the import of a foreign car.
Step 2
Keep the documents you have that prove the costs of the car for three years. They will come in handy if you decide to sell the car before the expiration of this period, provided that you get less money for it than you spent when you bought it. And in practice, this is most often the case. The exception is foreign cars bought abroad specifically for resale in Russia.
Step 3
Subject to these conditions, fill out a tax return after the sale of the vehicle. The deadline for its submission is April 30 of the year following the one in which the transaction took place. It is optimal to reflect the transaction in it, indicating to whom the car was sold (you need to enter in the declaration the full name of the buyer - an individual or the name of a legal entity). However, indicate income as zero. Attach copies of documents confirming your costs and proceeds from the sale to the declaration. Since they indicate a loss, you do not have to pay tax.
Step 4
If the documents have not been preserved, and you have owned the car for less than three years, all is not lost. You have the right not to pay tax on part of the proceeds from the sale up to 125 thousand rubles. inclusive. In other words, if the car is sold for this amount or cheaper, you do not need to pay tax. But you will have to submit a declaration and an application for a deduction.
Step 5
If you sold a car, which you owned for less than three years, at a higher price than you bought, the right to a tax deduction of up to 125 thousand rubles also applies to such a transaction. To do this, you also need to submit a 3-NDFL declaration and an application for a property tax deduction to the tax office.
Step 6
If you have owned the car for three years or longer, do nothing. You are entitled to a tax deduction automatically. However, keep your vehicle registration certificate and documents confirming the date of sale for three years after the end of the calendar year in which the sale took place. If the tax office has questions for you in connection with this transaction, the demonstration of the listed documents will remove all claims against you.
