The purchase and sale of real estate belongs to the category of complex transactions, since any object is unique and even for a specific product there is always a buyer. The Tax Code obliges taxpayers to pay tax to the state on income from the sale of property. Therefore, the profitability of real estate purchase and sale transactions can be questioned.
It is necessary
The apartment has been owned for more than 3 years
Instructions
Step 1
When selling an apartment, according to the law, the seller must pay a tax of 13% of the amount received if it exceeds 1 million Russian rubles. The law applies to sellers who have owned property for less than 3 years.
Step 2
If the seller has owned real estate for more than 3 years, then he is not obliged to pay income tax regardless of the amount of the property, the number of transactions for the sale of residential real estate is not limited. That is, if a person has been the owner of thirty apartments for more than three years, having sold them, he will not owe the state anything.
Step 3
If, when buying a home, the amount was less than 1 million rubles, then 1 million is deducted from the sale amount, and a tax of 13% is paid from the difference.
Step 4
If the housing cost more than 1 million rubles, then the tax is paid on the net profit, that is, 13% of the difference between the documented purchase price and the sale price.
Step 5
It is worth noting that the tax deduction is given for the tax period, not for the object. That is, if two apartments are sold at once in one tax period, the tax on the first apartment will be 1 million rubles, not 2 million. The tax on the sale of the second apartment may be applied not together with the tax on the sale of the first apartment, but instead of it. You will need to choose which of the two deductions to apply.
Step 6
The same rules apply to garden plots, rooms in apartments and summer cottages.
Step 7
The tax is not paid on the sale of an apartment if the property was inherited several years ago, and the ownership right is registered only now, since the heir automatically becomes the owner from the date of the death of the testator.
Step 8
When selling shared property, the amount of tax is distributed among the owners in proportion to the shares.
Step 9
Owners of cooperative real estate are considered full-fledged owners from the moment of the last payment of the share. That is, if the owner of the cooperative apartment paid the last part of the share several years ago, and registered his right to the property two years ago, then he does not have to pay tax on the sale of real estate.
Step 10
In some cases, in order to reduce the amount of tax, both parties take a risk, indicating a fictitious, significantly understated price in the property sale and purchase agreement. Because of which, the seller may receive claims from the tax office for tax evasion. The buyer has priority to conclude a contract with the specified real purchase amount in order to exclude possible complications in the future.
