Cross-functional process management

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To receive a tax deduction, the method of acquiring the apartment by the previous owner will need to be documented - for example, by attaching a copy of the purchase and sale agreement. Therefore, keep any documents for the property, including outdated ones, even if you do not plan to sell it yet. In other cases, you can use a deduction that does not require documentary confirmation to reduce the income from the transaction. How to reduce income from sale at the expense of the spouse's expenses If the owner is in a registered marriage, then after its conclusion, all purchased property will be recognized as joint. By default, it is considered that the second spouse participated in the purchase of the property, regardless of who is indicated as the buyer in the documents.


Exceptions are made only in the presence of a marriage contract and in other cases stipulated by law. Let's say the property was purchased by one of the spouses during truemoney database the marriage, and then completely transferred to the ownership of the other. In this case, when selling real estate or a vehicle, the second spouse has the right to reduce the tax paid at the expense of the first spouse's expenses for the purchase of this property. In this case, the minimum ownership period is counted from the moment the property was purchased by the first spouse. When filling out the declaration, be sure to attach a marriage certificate and documentary evidence of the expenses incurred. Reducing the tax payable by the amount of maternity capital Despite the fact that maternity capital is a type of state support, it is also taken into account to reduce the tax base when selling real estate.


When selling property purchased using maternity capital, the income from the transaction can be reduced by the amount of expenses, then the tax is charged exclusively on the difference between these amounts. In fact, the family did not spend their own money, but budget money, but they can still be used to reduce the tax. However, maternity capital cannot be attributed to expenses for a property deduction that could be used when buying an apartment. It is taken into account only when selling such property. In the case of sales of shared property, each family member has the right to offset the part of the maternity capital that went to pay for his share in the payment of the tax. When filing a declaration, attach documentary evidence of the fact that maternity capital was used to pay for housing.