In Russia people are used to the fact that constantlytaxes are paid, as a rule, by various organizations, but the average person in life does not have to pay a huge amount of duties and taxes, except for rent and telephone service. However, recently this situation has radically changed, since now owners of apartments and country houses pay taxes on their own property annually. But not everyone of us fully understands what he pays for. One of the problems in the environment of paying taxes is the car sales tax.
Income tax when selling a car.
In the modern world, there is hardly an automobile owner,who never tried to sell his own car in his life. So each of them knows first-hand about the so-called income tax. But far from each of us thinks how to properly pay tax in such a transaction. In this article, I will try to more fully disclose the concept of tax on the sale of a car, as well as to answer the question whether a car is taxed with a tax. Here I will not talk about "selling a car by proxy," but I'll concentrate completely on the amount of tax, and what he means.
Since the beginning of 2001, income taxationcar owners is regulated by Article 23 of the Tax Code of the Russian Federation. It is this article that provides for taxation for all income received: from any sources in Russia or from sources outside the Russian Federation - this paragraph refers to individuals who are tax residents in the territory of the Russian Federation.
So when selling any of your ownproperty, including a car, you receive a certain income, which is taxable. In order to correctly check the tax on the sale of the car, you need to calculate the amount of tax that will be paid for the sale of the vehicle. Also, you need to pay the amount of the tax deduction and be sure to file a special application with the tax authority.
In calculations, you must take into account the points of taxationdeclarations, which include all income received in your property during the current year. It is worth noting that when selling a car you will not be given this calculation of tax in a certain period, then you will be fined, which is calculated at a rate of 5% of the tax amount. So it is necessary to fill out the application correctly and fulfill all the necessary conditions, since the amount of tax from which the taxable fine is calculated can be quite large.
In addition, if the car you have is inproperty less than 3 years, then you are entitled to a property deduction, which is calculated based on the amount of the sale value of the vehicle. True, this deduction can not be more than 125,000 rubles. So if you are going to sell a car and calculate the tax on the sale of the car, then try to take into account all sales. Which you had during the current year. Then the amount of tax will be much less, which will save you money.
Also, instead of accepting the right to receive suchtype of tax deduction, it is possible to greatly reduce the amount of taxes on a car at the expense of actually incurred and at the same time documented expenses that were associated with the receipt of this type of income. Only you can not choose several types of tax reduction at once, and property deduction, documented expenses for the current year. Try to choose one thing that, at your discretion, will be more profitable. It is worth recalling that the tax on the sale of a vehicle is calculated on the basis of all the property you sold.
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