What is motivation assessment
Posted: Tue Feb 11, 2025 9:06 am
0 Its size will depend on the type of property. According to the law, the amount of income can be reduced by an amount not exceeding the established limit: for real estate and land - 1 million rubles; for movable property - 250 thousand rubles. The limits apply to the sale of a certain type of property in one year. For example, if the seller sells two cars in one year, the amount of the tax deduction for two cars will be 250 thousand rubles, not 500 thousand rubles. The same rule applies to housing and land. This method can also be used in a situation where expense documents are available, but the amount of expenses is less than the limit established by law. The seller has the right to determine whether to reduce the income from the sale due to expenses or due to the tax deduction.
Let's say you built a house on an inherited plot of land mom database with your own hands. In this case, the costs of purchasing building materials and paying the builders are taken into account. It is not always possible to document such expenses, or their amount will be less than the income from the sale of a house with a plot. Then it is more expedient to use a tax deduction - it can fully cover the amount of income and you will not have to pay any tax. A deduction in the amount of 1 million rubles (or 250 thousand rubles) is indicated when filling out the declaration. In the situation under consideration, there is no need to attach any supporting documents. Reducing income from the sale of children's property shares due to parental expenses When buying a home using maternity capital, children are required to be allocated shares in it.
Otherwise, the family risks losing not only maternity capital, but also the apartment. The scheme can be used by the owner even if he does not have an official job and does not pay personal income tax to the budget. This may be an individual entrepreneur working under a simplified taxation system. Or it may be a child on whose behalf the parents sell his share in the apartment. Let's say a family sells a house that was previously purchased using maternity capital. The children had shares in the property and, by law, they will receive income from the transaction. Most likely, it will be more than the expenses incurred by the parents for these shares, which means that taxes will have to be paid.
Let's say you built a house on an inherited plot of land mom database with your own hands. In this case, the costs of purchasing building materials and paying the builders are taken into account. It is not always possible to document such expenses, or their amount will be less than the income from the sale of a house with a plot. Then it is more expedient to use a tax deduction - it can fully cover the amount of income and you will not have to pay any tax. A deduction in the amount of 1 million rubles (or 250 thousand rubles) is indicated when filling out the declaration. In the situation under consideration, there is no need to attach any supporting documents. Reducing income from the sale of children's property shares due to parental expenses When buying a home using maternity capital, children are required to be allocated shares in it.
Otherwise, the family risks losing not only maternity capital, but also the apartment. The scheme can be used by the owner even if he does not have an official job and does not pay personal income tax to the budget. This may be an individual entrepreneur working under a simplified taxation system. Or it may be a child on whose behalf the parents sell his share in the apartment. Let's say a family sells a house that was previously purchased using maternity capital. The children had shares in the property and, by law, they will receive income from the transaction. Most likely, it will be more than the expenses incurred by the parents for these shares, which means that taxes will have to be paid.