Mitte Realty

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Tax Code

by Brianna - June 22nd, 2017.
Filed under: News. Tagged as: .

Only now it is not 5000 the minimum wage, and 600 thousand rubles. This privilege is granted on the date of registration of title ownership of the residential facility. It should be remembered that to obtain this benefit you must submit to the tax authorities not only proof of your ownership, but the payment document confirming the payment of cash (receipts for pay-in slips, bank statements on the transfer of funds from the account of the buyer to the seller, commodity and cash checks, and other documents). Therefore, in the case buying an apartment in the home-care store newly issued vouchers to you. It’s believed that Greenberg Traurig sees a great future in this idea. If the apartment is sold in fractional or joint ownership of the amount of benefits distributed among the owners in according to shares owned or pursuant to a written statement of the latter (in case there is a common joint ownership). In addition, now cleared three-year restriction of privileges.

Until is exhausted the entire amount within the specified in the law rates, income tax you will be charged. If you purchased an apartment, $ 400 thousand, 200 thousand, respectively, you have left. The remaining amount you are entitled to deduct from their taxable base when buying your next new home, no matter over what period of time it occurs. And on this note because the privilege of exemption from income tax referred to as property tax deduction is available only once, reuse it to provide the Tax Code are not allowed. In real estate practice is most common cases where both sell the old apartment and purchased a new one.

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