How To Pay Rent Tax

Table of contents:

How To Pay Rent Tax
How To Pay Rent Tax

Video: How To Pay Rent Tax

Video: How To Pay Rent Tax
Video: Rental Property Tax Deductions For Landlords 2024, December
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Everyone who has such an opportunity is renting an apartment now. But only everyone massively prefers to forget that, like any source of income, the amount received from the tenant should be taxable. Although, if the tax service is interested in non-payers, then the penalties for unpaid tax will be very large.

How to pay rent tax
How to pay rent tax

It is necessary

In order to pay tax for renting an apartment, you need to have an apartment and money received as income from renting it out

Instructions

Step 1

For those who nevertheless decide to live transparently from the point of view of finances for the state, there is a small instruction for paying the tax. You can pay for it in several ways. For example, register a lessor as an individual entrepreneur with the right to apply the simplified taxation system. In this case, the annual rental tax will be 6%. In ruble terms, with a monthly fee of 25,000 rubles and annual income of 300,000 rubles, it turns out to be 18,000 rubles. The disadvantages of this method of paying taxes are that persons under the age of 18 and those who work in the civil service cannot use it.

Step 2

You can pay annual fees to the treasury as income tax. The disadvantage of this payment method is the high interest rate. 13% will have to be paid once a year if you rent out an apartment. It turns out that if you rent an apartment all for the same 300,000 rubles a year, then the amount of tax is 39,000. And this is more than two times than under the simplified taxation system.

Step 3

In order to pay the tax, you need to receive a monthly receipt from the tenants indicating the amount that the landlord received from them. After all, it is these documents that will become fundamental when submitting papers to the tax office. You will also need to fill out an income tax return once a year. But life will be calmer. After all, the penalty for non-payment of taxes is quite impressive - 20% of the unpaid tax amounts.

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