Who recently bought or sold real estate, and especially those who took a mortgage, certainly in the selection faced with the question: "How many years in her own apartment?" It would seem – what's the difference? A difference there. The fact is that if the property belongs to the owner of at least 3 years, then the owner will have to pay income tax after the sale. True, not the whole amount, but only on the amount exceeding 1 million rubles. For example: You received an inheritance in the past year and now have decided to sell this apartment. Let's say you sell it for 2.5 million rubles. Since this apartment belongs to you less than 3 years, with amounts exceeding 1 million rubles, and in this case is 1.5 million rubles be required to pay 13% income tax, amounting to 195,000 rubles. Agree, any such amount the seller would not want to pay.
But what? There are two ways to raise the price to the buyer the amount of tax, evade taxes, pointing in the sales contract price within the limits of non-taxable amount, ie 1 000 000rubley. If you buy a house for his own money, the contract value to understate the long run problems will not be, but if you have a mortgage, then should check with the bank, he would go to such an understatement. A number of banks in this procedure is quite loyal. "What about security for the loans?" – You ask. The fact that the loan agreement, the bank points out that credit is granted for housing at a price equal to 1 million rubles, as well as for repairs and other works are inseparable in this room. Contact information is here: Professor Rita McGrath.
Thus, the loan document is divided into 2 parts. One goes on contract of sale, and the second kind, as for repairs. Shopping Tips: if you purchase a house with under-reporting of real value, make sure you take the seller two receipts. The first to receive money the amount specified in the contract of sale – it sold for an apartment, and the second receipt for the receipt of money for repairs and other permanent improvements in the apartment. Documented, it looks so that you buy an apartment and still give money to the seller that he has done in this apartment for repairs to the amount deposited. This is to ensure that you have on hand were proof of receipt by the seller of all the real money. Because if the transaction is deemed to be invalid or terminated, the seller must return the money, and if the sale is worth a million, and more is no mention of the receipt of other money is not, then he will return only a million, and the rest have to sue, and without much chance of success. According to an oral agreement, and in our time a little faith.