What tax when selling a car?

Few car owners suddenly realized that it was time to change to a more modern car.However, the reasons for the sale can be set.It's not about them.Everyone understands that today at the conclusion of the sale of the property will have to pay the tax.However, not all know how it is calculated and when it can be reduced.

What are the taxes on the sale of the car?The exact figure is determined for each vehicle, depending on several factors at once.In addition, there are situations where the income tax you can not pay for legitimate reasons.

Tax on income of individuals, under Russian law, is now 13%.That is, in calculating tax on the sale of cars, its value must be multiplied by 0.13.The result is a pretty decent amount of money (of course, if you do not sell quite old car for spare parts).

If payroll listing all makes the employer, then the sale of any property of the petition would have to pay yourself.

In some situations, the tax on the sale of the car is reduced?

  • Without income
    .If you're selling a car is cheaper than bought it at the time, the income of the sale, you do not get.Therefore, the size of the income will be zero.But in this case, to be freed from paying, you have to provide to the tax both the sale and purchase agreement.
  • Long car ownership. By "long" means a period exceeding 3 years.According to article 217 of the Tax Code are not taxable income received by individuals from the sale of property located in the property for 3 years or more.There is no need to pay tax on the sale of the car, if you give the tax documents confirming the fact of possession of a long, which is a contract roots credit orders, checks, certificates of deposit money into bank account or receipt.
  • tax deduction. To this point may choose those who could not avoid paying.If the machine has been sold more than bought, and was owned by less than 3 years, if not kept the agreement to deal with cars, the taxpayer may still get some tax deductions.In the case of sums of money from the sale of the property does not exceed 250 thousand rubles.This means that the cost of the car will be deducted 250 thousand rubles, and the tax on the sale of the car will have to pay the remaining amount.This deduction is granted only once a year.

In all other cases, the tax would have to pay in full.Do not forget that even if you are sure that you do not need to pay tax on the sale of the car, you are required to file a declaration.The only exception - the possession of a car more than three years.

submit a declaration at the beginning of the year following the sale (to April 30).If you do not want to stand in line, it is better to file before the specified date.

make a declaration in a special program, which can be downloaded on the website of the tax.

Besides submission of the declaration, you need to pay tax on the sale of the vehicle no later than July 15th.