When is a declaration submitted when selling an apartment?

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

The tax legislation of our country provides that when selling an apartment, receiving winnings, items under a donation agreement, funds from the rental of property or income that were not taxed by tax agents, an individual must submit a kind of income statement according to Form 3-NDFL. This rule is enshrined in the duties of taxpayers, established by article number 23 of the Tax Code of the Russian Federation (paragraph No. 1, subparagraph 4).

Let's say right away that a declaration when selling an apartment must be submitted without fail if you have owned real estate for less than 3 years. This measure is caused by specific taxation on possible income from speculative operations in the real estate market, because. usually people buy housing to stay in it for a long time. Reporting documents are submitted to the tax authorities at the place of registration by April 30 of the year following the one when you carried out sales transactions, for example, an apartment.

If the declaration for the sale of the apartment is not submitted before this date, the seller will be held liable on tax grounds and subject to a fine of 1,000 rubles. It should be borne in mind that, in general, sales of real estate owned by you for more than three years are not subject to taxes. In this case, no reporting is submitted to the tax authorities.

The tax return for the sale of an apartment is included in the Personal Income Tax form. It is filled out on sheet "E" taking into account the recommendations specified in the seventeenth chapter of Appendix No. 2 to the Order of the Federal Tax Service No. MMB-7-3 / 760 @ (adopted in 2011, November 10) or newer versions of this document. You can use specialized reporting programs that are provided free of charge by tax authorities.

Here you need to specify the surname and initials in the header of the form. Further, in paragraphs 1.1.1 to 1.4.1, the amounts of income received are noted, which must be confirmed by attaching copies of sales contracts. Subparagraphs No. 1.1.2 - 1.3.2 indicate the amount of tax deduction allowed for all sold objects, which cannot currently exceed one million rubles. Please note that if you sell an apartment for less than a million, if you own it for less than three years, a declaration is still drawn up.

Declaration when selling an apartment in its form can be used to submit information about the sale of property other thanapartments, houses, etc. For this, on the same sheet "E" there are paragraphs 2.1. and 2.2., which indicate information on the income received from the sale (for example, the sale of a car), as well as on the amounts of tax deductions (in clause 2.1.2. - 250,000 rubles, in clause 2.2.2. - in the amount of documented income).

Even if you did not sell, but bought real estate, it makes sense to carefully store all documents related to the transaction: from the sale and purchase agreement to bank statements, receipts drawn up by acceptance certificates. They may come in handy in the future when the apartment is for sale and there is a need for a document such as a declaration when selling an apartment.