Taxes when selling a house: rates, calculation features

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Many citizens are interested in taxes when selling a house in Russia. Do they really exist? And if so, in what sizes? Is there any way to avoid taxation? We will have to figure out all this and not only further. As practice shows, there should not be any real difficulties with taxation. It is enough to pay attention to several key points of the legislation of the Russian Federation.

Sales taxes - to be or not to be

Are there taxes in Russia when selling a house? Understanding this issue is not so difficult.

The point is that the said transaction is called the sale and purchase of real estate. In the course of it, the owner receives a profit. These funds must be reported on tax returns.

Under current laws, when receiving income, citizens must report on them to the tax authorities. Moreover, most profits are taxed. The difference lies in the amount of upcoming payments.

Do I need to pay tax on the sale of my home? Based on the foregoing, it follows that yes. But in practice, things are not as simple asseems. There are exceptions in which it is not necessary to transfer money to the Federal Tax Service.

Important: the use of benefits does not exempt from declaring income.

Amount of payments

We'll talk about exceptional cases later. First, let's deal with taxation when conducting transactions with property. In our case, we are talking about sales. What should everyone know about this?

What is the tax on the sale of a house? In this case, citizens are required to transfer personal income tax to the tax authorities. It is 13% of the amount of money received under the agreement.

Define base

It is worth paying attention to the fact that the current Russian legislation provides for a lot of different nuances and features of calculating personal income tax on the sale of real estate.

For example, there may be problems in determining the tax base for further calculations. In connection with the new rules, now taxes on the sale of a house will be paid not only taking into account the amount under the purchase agreement, but also taking into account the cadastral value of the "real estate".

What does this mean? If the amount under the property "sale" agreement is less than 70% of the cadastral price of the object, the citizen will have to pay 0.7% of the cost of the subject of the cadastre agreement.

Benefits and taxes

What tax on the sale of a house should be transferred to the Federal Tax Service in this or that case? It is important to pay attention to the fact that taxation does not always take place. Sometimes citizens can be exempt from additional expenses.

In Russia, transfer money for spending with real estatethe operation is necessary if the benefit from the transaction is more than 1,000,000 rubles. In this case, it will be necessary to take into account that in practice the actual profit of the seller is taken into account. What does this mean?

You need to take into account the difference between the original cost of the property and the amount of the sale by the new owner. If the resulting figure is below a million rubles, there will be no taxation. Otherwise, you will have to pay 13% of income.

For foreigners

But that's not all. The tax on the sale of a house with land may be higher. We are talking about situations in which the seller is a foreign citizen. That is, a non-resident of the Russian Federation.

The fact is that such transactions involve higher taxes. Foreigners transfer to the Federal Tax Service 30% of the profit they receive on the territory of the Russian Federation. Fortunately, the bulk of the Russian population does not face such situations.

Important: non-residents are considered foreigners who have lived in the Russian Federation for less than 183 days over the past year.

House and land - what will happen to taxes

What are the taxes on the sale of land and houses? In this case, one transaction is usually carried out. But it does not exempt from taxation.

The burden of the cost of the operation falls on the seller of the objects. Ideally, citizens are advised to indicate in the contract separately the amount for land and separately for the house.

If this is not done, you will have to face a huge paperwork and some problems. This is due to the fact that the house and land are independentreal estate objects. And the seller will have to report to the state for the transaction with each unit of "real estate".

That is why it is better to conclude 2 contracts at once. One - for the sale of land, the other - for the house. Taxes will still be calculated for each property separately.

Important: for the buyer there is no difference in transactions. That the purchase of a house, that the acquisition of land with a house will be carried out in the same way. For each subject of the contract, the client will be able to apply to the Federal Tax Service minus the property nature.

About reporting

The tax on the sale of a house with a land plot will be calculated for each object separately. For the previous owner, this situation can leave a lot of inconvenience, but they are all fixable.

As we said before, citizens need to be accountable for their profits. If the owner has sold his property, he will have to file a tax return with the Federal Tax Service by April 30 of the year following the transaction period.

In other words, if the item was sold in 2018, the reporting is submitted before 2019-30-04, if in 2017, then the paperwork with the 3-personal income tax form will be in 2018. These rules are familiar to almost all taxpayers.

Tax due dates

Until what date do you legally have to pay taxes when selling a house? The thing is that reporting and transferring money to the Federal Tax Service have different terms. And this situation sometimes leads to misunderstanding of what is happening on the part of the population.

Account for income like we dofigured out need until April 30 following the year of the transaction period. Until when will you have to transfer money in the form of taxes?

Transactions must be made no later than July 15th. Here, too, the year following the year of the conclusion of an agreement for the sale of real estate of any type is implied.

Old houses

Now let's talk about pleasant exceptions to the rule. As we have already said, citizens do not always have to transfer personal income tax in the amounts established by the state. There are exceptions to the rule.

Let's start with the owners of property acquired a long time ago. If the house and land were purchased before 2016, you will have to own the property for at least 3 years to be exempt from taxes. After that, any profit received from transactions is not subject to personal income tax.

Accordingly, if a citizen purchased property before 2016 and sold it before the expiration of the 3-year period of ownership of the object, he will have to transfer taxes in full to the state.

Important: at the moment, this rule is almost non-existent. Recently, new principles of tax exemption for the sale of "real estate" have come into force.

New property

What to do with objects purchased after January 1, 2016? Such property is subject to different tax exemption rules. What is it about?

In order not to pay tax on the sale of a house (with or without a plot - this is not so important), you must have ownership of the item under the "purchase" agreement for at least 5years.

This means that if you own the property being sold for less than five years, you will have to fully transfer personal income tax to the tax authorities. Otherwise, all that remains is to file a tax return indicating the income received.

Important: if a house is sold with land, for benefits, you will have to take into account the ownership of each object separately. It may turn out that you will not need to pay personal income tax for land, but you will need to pay for the house in full. It is quite a normal situation for which every modern citizen should be prepared.

Inheritance sale

Some people prefer to get rid of inherited property. For example, for its uselessness. What to prepare for in this case?

The taxes on the sale of a house by inheritance will be the same as with a normal sale transaction. Such objects are subject to the same rules as in general situations.

When entering into an inheritance, citizens, by law or by will, close relatives of the deceased do not pay taxes. But when selling the relevant property, personal income tax takes place in full.

Sale share

Had the sale of the house by a pensioner? Taxes must be paid in full. The retirement age in this case is not a basis for exemption from personal income tax.

In real life, real estate has multiple owners. Each owner can sell his share of the property. What happens to taxes with all this?

NDFL will be calculated taking into account the seller's share in the object. If the owner sells 1/4real estate, he will have to pay 13% of the amount specified in the contract. In this case, the amount should not be less than 70% of the cost of the same share according to the cadastre.

If the amount of money received is less than the amount according to the inventory of the sold part of the object, you will have to face a coefficient of 0.7%. The cadastral value of the share will be multiplied by this figure, resulting in a transaction tax.

Multiple owners

We have found out which house sales tax to transfer to the Federal Tax Service in one case or another. And we also got acquainted with the main tax benefits. It's not that hard to fill them.

As we have said, real estate is increasingly showing multiple owners. With the procedure for calculating tax when selling a share, everything is also clear. But what if the property is sold as a whole?

Assume that all owners of the object agree to resell their property. What will happen to taxes?

Each owner will transfer a separate tax to the Federal Tax Service, calculated in proportion to the part of the property allocated in the object. It's not very convenient, but there are no other options.

Accordingly, the smaller the share of a citizen, the less will have to be transferred to the Federal Tax Service as a tax for a sale and purchase agreement.

Important: for the said operation, each participant in the transaction will report to the tax authorities separately.

Procedure for making deals

You will have to pay tax on the sale of a new home when the ownership of it is less than 5 years (or 3 if theyoccurred before 2016-01-01). Consider the whole procedure in more detail.

Instructions for paying tax for the sale of "real estate" looks like this:

1. Conclude a sale and purchase deal. It is better to conduct it in the presence of a notary or at the MFC.
2. Collect a certain package of documents. We will meet him later.
3. Create tax returns in the form of 3-personal income tax. You can do this yourself or contact specialized companies that will help sellers for a fee.
4. In due time, apply to the Federal Tax Service at the place of registration or temporary stay with reporting and prepared in advance certificates.
5. Transfer money in the prescribed amount to the local tax authority before the time specified earlier. It is advisable to keep your receipt or receipt. They can be useful if the Federal Tax Service encounters failures or questions arise regarding the transfer of personal income tax for property.

That's it. If you prepare in advance for the processes, you can reduce all the hassle to a minimum. Conscientious citizens, as a rule, have no problems with tax and reports.

Documents to apply to the Federal Tax Service

We figured out how to pay tax on the sale of a house with a plot. And what is useful from the documents for the implementation of the task? Tax reporting will simply not be accepted without certain certificates.

Today, the seller of "real estate" must bring with him:

• form 3-personal income tax;
• copy and original property sale agreement;
• extract from USRN;
• receipt of money orany other document confirming the transfer of funds for the transaction;
• applicant's ID;
• certificates confirming the primary costs of the sold object;
• certificates of title to the property (will, inheritance statements, donations, etc.).

That's it. As practice shows, conscientious property owners do not have any problems with the sale of their property. Declaration of income is also easy.

How to calculate taxes correctly

Some people are wondering how to calculate the approximate amount of taxes on the sale of a house or other property. It is quite difficult to do this on your own. Especially if the object has multiple owners.

Ideally, you need to contact the Federal Tax Service and get the relevant information there. Approximate (and sometimes exact) amounts of personal income tax help to calculate special tax calculators.

Working with this service is as follows:

1. Go to the tax calculator website.
2. Select the parameters of the upcoming payment.
3. Press the "Calculate" button.

The amount of the upcoming payment will appear on the screen. Fast, easy, convenient and absolutely free!