Do I have to pay tax when buying an apartment

Over the past decade the standard of living in Russia has grown significantly: there was a middle class, people began to afford to buy expensive things, and many are thinking about the purchase of their own homes. To implement its new requirements, they were interested in the legislation and taxation become legally literate, because when it comes to big money, I want to know how much and what you will have to spend.

When buying an apartment

A few years ago, upon purchase, the buyer had to report on the origin of funds. Now all of the obligations on payment of a flat tax fell on the seller, because he receives greater benefit from the transaction of purchase and sale. The buyer of tax acquired real estate does not pay. The only case where the new owner still has to pay tax on the purchase of housing – an apartment under the contract of donation.

Donation

When you make a donation of real estate, there is a specific order of payment of taxes. If the deed issue for you, i.e. you get rights to the apartment and become its new rightful owner, you are required to pay a tax of 13% of the appraised value of the property. The estimated value represents the difference between the cadastral value of the apartment (in other words the market price and a million rubles. The evaluation of the cadastral value is usually carried out by specially invited experts from PIB or TIB. Why a million? The fact that the apartments that cost less than a million rubles, not subject to taxation. Thus, getting an apartment donative, worth 1200 thousand rubles, you have to pay a tax of 13% from 200 thousand (26 thousand). The exception would be the case when you are a close relative had given. In such circumstances, or if you are going to start a legacy, no need to pay taxes.

Latest news from the Ministry

In recent years, increasingly began to occur in cases of "phony" deals. For example, the contract should outline the cost of the apartment 999 thousand rubles, or any amount less than one million rubles. Pay for it officially, and the rest of the price in cash "on hand". In this case, the seller will avoid payment of tax, and the buyer risks losing the apartment, because the transaction is not valid and, upon detection of the fact of its "fictitiousness" is canceled. In this regard, the Federal tax service proposed to shift the payment of taxes on buyers: if the sale price of the apartment is below 70% of the inventory, the purchaser will be liable to pay tax on the purchase of the property. Fortunately for buyers, this issue is still at the stage of discussions. So you can breathe easy and purchase the new apartment without worrying about taxes.