Real estate transactions will become more expensive

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In addition to the income of individuals, changes in the tax system will also affect the real estate sector. Which Russians will be affected by the tax reform?

What will change soon for owners of houses, apartments and land plots? When selling real estate, the tax will remain at the level of 13% to the amount of 2.4 million rubles – the same as with the progressive tax on personal income. But from everything that is more expensive, they will take a tax starting from 15%.

 

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If a person received real estate as a result of privatization, as well as as an inheritance or as a gift from close relatives, then the apartment can be sold tax-free after 3 years of ownership. In other cases, the minimum period of ownership for sale without taxes is 5 years.

 

Here, of course, everything is not as simple as with salary and income. After all, many Russians have real estate worth more than 2.4 million. Therefore, the increased tax may affect a much larger number of citizens.

But, as lawyer Oksana Kravtsova reminds, “the new increased tax, as before, will have to be paid not from the entire amount, but only from the difference between purchase and sale.”

The most important principle will also be preserved: sellers who have owned real estate for 3 or 5 years will still be exempt from tax.

Real estate market experts say today: first of all, tax innovations will affect those who resell real estate or sell it too early. For example, those Russians who invest in real estate are likely to face higher personal income tax (personal income tax) rates, which can reach 22% for incomes exceeding 50 million rubles. But ordinary citizens who buy and live in their real estate have nothing to fear. They don’t have deals with apartments or houses very often.

by the way

The state fee for registration of ownership rights and subsequent entry of information into the Unified State Register of Legal Entities will also increase. Now individuals who purchase housing must pay 2 thousand rubles, and a legal entity – 22 thousand rubles. The Ministry of Finance proposes to keep this amount of payment if the cadastral value of the asset does not exceed 20 million rubles. Most Russians will not be affected by this innovation. But Muscovites, where the most expensive real estate in the Russian Federation is, are likely to be affected, because the capital is full of apartments that are significantly more expensive. Owners will be obliged to pay 0.1% of the transaction amount, but not less than 0.1% of the cadastral value of the asset. At the same time, the maximum payment amount will be 500 thousand rubles.

For example, when selling an apartment worth 21 million rubles, the state duty will amount to 21 thousand rubles. Currently, it is only 2 thousand. That is, the state duty will increase by more than 10 times!

Evgeny Malyakin.

Photo: LEGION-MEDIA

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