What is the sales tax?

Few of the car owners suddenly realized that it was time to change the car to a more modern one. However, there can be many reasons for selling. It's not about them. Everyone understands that today at the conclusion of a transaction for the sale of property you will have to pay a tax. However, not everyone knows how it is calculated and in what cases it can be reduced.

What are the taxes when selling a car? The exact figure is determined for each particular car depending on several factors at once. In addition, there are situations when the income tax can not be paid legally.

The tax on incomes of physical persons, under the Russian legislation, is equal today to 13%. That is, when calculating the tax when selling cars, its value must be multiplied by 0.13. The result is a pretty decent amount (unless, of course, you are not selling an entirely old car for parts).

If from the salary all transfers are made by the employer, then when selling any property, you will have to worry about the payment yourself.

In what situations does the tax on car sales decrease?

• In the absence of income . If you sell cars cheaper than you bought it in due time, then you do not get any sales income. Therefore, the size of the income will be zero. But in this case, in order to get rid of payment, you will have to submit to the tax both the sales contract.
• Prolonged ownership of the car. By "long" is understood a term of more than 3 years. Under Article 217 of the Tax Code, incomes received by individuals from the sale of property that was in ownership for 3 years or more are not subject to taxation. There is no need to pay tax on the sale of a car if you submit it to a tax document that confirms the fact of a long possession, which are contracts, the counterfoils of receipts, checks, certificates on depositing money into a bank account or receipt.
• Tax deduction. This point can be resorted to by those who could not avoid paying. If the car was sold more than bought, and was in property less than 3 years, if there are no contracts for car transactions, the taxpayer can still get some tax deductions. In case of receiving money from the sale of property, not exceeding 250 thousand rubles. This means that 250 thousand rubles will be deducted from the cost of the car, and the tax on the sale of the car will have to be paid from the remaining amount. Such a deduction is granted only once a year.

In all other cases, the tax will have to be paid in full. Do not forget that even if you are sure that you do not need to pay tax on the car when selling, you must return the declaration. The only exception is the ownership of the car for more than three years.

The declaration is submitted at the beginning of the next year's sale (until April 30). If you do not want to stand in lines, it's better to file before the specified date.

Fill in the declaration in a special program, you can download it on the tax website.

In addition to filing a declaration, you need to pay tax when selling a car no later than July 15.