Almost any car owner sooner or later is faced with the need to sell his own car. And, as you know, all transactions for the sale of property are taxed on the income of individuals, including transactions for the sale of a car.
It is necessary
- - declaration;
- - application for deduction;
- - contract of sale
Instructions
Step 1
It should be noted right away that if a tax deduction for personal income tax when buying a car is not imposed in any case, then when selling a car, the seller can receive a tax deduction. To complete it, fill out an income declaration, in which, in addition to income from the main place of work and, if any, part-time jobs, indicate the amount received from the sale of the car.
Step 2
Submit your tax return to your local tax office. The form of the document changes annually, so to fill it out, use the program posted on the website of the tax service or contact specialized agencies, where the entire package of documents will be drawn up for you for a nominal fee.
Step 3
Submit the document to the inspection and receive a notification of acceptance. Within three months, the Federal Tax Service conducts a desk audit on the data you specified. After this period, write an application to the same inspectorate for the provision of a tax deduction and attach the details of your own bank account to which the amount should be transferred.
Step 4
The amount of personal income tax can be calculated independently. So, if you sell a car for 450 thousand rubles, then the calculation is carried out according to the formula: 450 thousand rubles. * 0.13 = 58.5 thousand rubles. You will have to pay the tax amount only if the purchase price of the car was significantly lower than the sale price (for example, you bought a car for 300 thousand, and sold it for 450), i.e. got real income. To get exemption from the payment of personal income tax, you must submit a tax return to the inspectorate, as well as attach the purchase / sale agreement (or their copies). There should be 2 such contracts (1 - when buying, 2 - when selling).
Step 5
The term of owning a vehicle is also important, so if you have operated a car for more than three years, then the tax burden will not affect you either.
