Tax on the sale of an apartment: procedure and documents

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Tax on the sale of an apartment: procedure and documents
Tax on the sale of an apartment: procedure and documents
Anonim
apartment sales tax
apartment sales tax

When receiving a salary, we are all used to the fact that the employer pays 13% of it to the state. This is the so-called "income tax", or, in other words, personal income tax. In this case, we do not have to independently calculate the amount that needs to be paid. This is done by the company accountant. But sometimes situations arise when each taxpayer must take on the role of this specialist and fill out all the documents on his own, as well as pay the required amount, having previously determined its size. Such cases include receiving income from the rental of property, from donated property, from winnings, and so on. In all such situations, the taxpayer must submit documents to the tax office at the place of registration. In this article, we will look at how to calculate and pay tax when selling an apartment.

Procedure for paying personal income tax

land sales tax
land sales tax

According to tax legislation, selling an apartment, land, house, you must pay a tax equal to 13% of the profits. At the same time, not the entire amount specified in the contract of sale is subject to taxation, but only part of it. So, any citizen is en titled to a deduction at the moment when he pays tax when selling an apartment. It is 1 million rubles for housing that has been owned for no more than three years. If the citizen owned it longer than this period, then the deduction is equal to the entire amount of the sale. Also, for property that was owned for a period not exceeding three years in duration, this amount will be equal to that spent on the purchase of this housing. Based on the information provided, it is possible to determine cases when you do not need to pay tax when selling an apartment.

  1. The property was owned for no more than 3 years and was sold for less than a million rubles.
  2. It was owned for no more than three years and was sold for an amount not exceeding the purchase price.
  3. Citizen has owned property for over 3 years.

When do I have to pay tax?

All of the above applies equally to cases where tax is calculated when selling a land plot or a house. In order to sleep well, as the well-known commercial said, you need to report on your income by April 30 of the year following the one in which the transaction occurred. The tax itself must be paid before July 15 of the same year.

Documents for the sale of a house, apartment, plot

  1. 3-personal income tax (declaration filled out in the required form).
  2. Copy of passport.
  3. A contract of sale confirming the amount of income received.
  4. Document showing purchase price (for property owned for less than 3 years).
documents for the sale of a house
documents for the sale of a house

How to apply?

It is natural that filling out the declaration causes the greatest difficulties. Actually it's not that difficult. In addition, you can even find a special program for filling out the declaration. The user will only have to enter his data, and all the necessary sections will be automatically printed. Documents can be submitted in person to the desired branch of the Federal Tax Service, as well as sent by mail. In this case, the late filing of the declaration entails the accrual of a fine. It is equal to from 5 to 30% of the amount that is tax when selling an apartment. Therefore, it is better to visit the tax office on time and repay debts to the state. And if you don't want to waste time in line, you can always make an appointment in advance.

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