Tax when selling an apartment

Many people, first encountering real estate sales, often wonder what kind of tax they will have to pay to the state when selling an apartment in case of a successful transaction. In 2012, there were no significant changes in the Tax Code of the Russian Federation, so the income tax remained at the same level - 13% of the amount received. The only way to reduce this percentage is to reduce the payment at the expense of the amount of the tax deduction for the property sale, which is currently one million rubles for any real estate.

Also, according to Article 220 of the Tax Code of the Russian Federation, part 1, if the sold property was the property of a seller for more than three years, it is not subject to taxation. And here is not important the fact, how the seller took possession of it (purchase, inheritance, privatization or donation). The considered factor will be the date of the registration of the EGRP, which should be based on the calculation of the total period. To take advantage of the possibility of this deduction, you will have to apply to the existing tax inspection at the place of direct registration.

The seller (himself a taxpayer) has every right to reduce a significant amount of taxable income by fixing and documenting the incurred costs directly related to the receipt of these revenues. That is, if you bought an apartment for 1.100.000, and after a year sold it for 1.300.000, then the tax on the sale of an apartment will be calculated from 200.000.

It is also possible that the apartment belongs to the seller for less than three years. Then the tax on the sale of an apartment will be calculated only from the amount exceeding one million Russian rubles. In this case, the tax will be calculated at the actual value of the immovable property less one million Russian rubles. Therefore, the tax on the sale of an apartment will not be deducted in any case, if its value does not exceed one million Russian rubles. The main thing is to remember that with any sale of real estate, no matter how much it costs, after signing the contract it is necessary to issue and file a tax return on the sale that has occurred until April 30 of the next year.

The land plot is also immovable property under clause 1 of Article 130 of the Civil Code of the Russian Federation, if it is located on the territory of Russia. Therefore, the tax on the sale of land is counted in exactly the same way as the sale of an apartment or house.

To sell an apartment house is much more complicated than, for example, an apartment or a plot. After all, documents when selling a house are often not collected or actually do not reflect the property being sold in reality. Most often, unreliable information is provided on the area of land and the house, the condition of the structure, the availability of add-ons and technical characteristics of the property being sold.

Documents when selling a house should be not only on the building, but also on the land on which it is located. According to the legislation in force to date, the right to a land plot is closely related to the ownership right that is on it. Together with the house most often sold all located on the land sheds, garages and other buildings. That is why, when it comes to selling a private house, it means the sale of all the available outbuildings and facilities.

If you decide to sell the house, then you need to collect all the documents and verify their compliance with the property being sold. You can do it yourself or hire a specialist in this area of sales. What documents should be collected?

- a document certifying the right to sell the house, officially registered;

- Identification document for the land plot (cadastral passport);

- Technical passport.

All documents must be properly drawn up, without errors, without blunders, correspond to reality and coincide with the information in other documents. Do not forget that the actual state of the buildings should also be reflected in them.