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A certain amount is charged on the income from the depositreal estate for rent, capital gains from the sale of property. Among other things, you need to know that the sale and purchase transaction will be accompanied by additional expenses. They include state duty, intermediary, notary services and others.

Tax on the sale of real estate

The amount of tax payable on saleof real estate is 13%. However, the Tax Code provides for a range of benefits (art. 220 RF Tax Code). So, there is no need to pay tax on the sale of real estate that was owned by a citizen for more than 3 years. If the property belonged to an individual less than 3 years, the following rules are used: 1. From the amount of income received during the sale of real estate, 1 million rubles is deducted. (property tax deduction - st.220 of the Tax Code of the Russian Federation). The remaining amount is paid a tax of 13% .2. From the amount received at the sale of real estate, you can take the amount spent on the acquisition of the same property before, and then you need to pay 13% of the difference. This method is not used in the sale of real estate, the ownership of which appeared as a result of privatization, since this housing was not the subject of purchase. When making transactions in the Russian Federation, the seller is obliged to pay the personal income tax (Personal Income Tax). It is calculated for a transaction that exceeds the amount of 1 million rubles, is 13% of this amount. For example, if a person has made a transaction for the sale of real property that was in ownership less than 3 years, and purchased the property in the same year, then he has the right to use two tax deductions, thereby reducing the amount of payments if documents that confirm the transaction are preserved .

Additional information when buying or selling real estate

In addition, that the owner must paytaxes, you need to know about the rights that are provided by law. For example, if the owner buys an apartment in a mortgage, he is entitled to a tax credit. Therefore, in fact, the amount of the fee is reduced by the amount of interest that is paid to the credit account. A tax agent when calculating sales tax is a notary who provides settlement services and confirms the legality of the transaction. You can avoid paying the tax if the property belongs to the seller-resident for more than three years, if the seller has received an inheritance, and this year is the first sale transaction. Every buyer and seller of real estate must know in order to avoid risks of loss of money or property so that the transaction is legal, you need to follow the law and apply for documents only to officials.