State Tax Regulations

In Art. 217 of the second part of the Tax Code list of items subject to taxation, contracts, and unlike the current list of more generalized. This list is devoted only one paragraph of Article – this is real estate, vehicles, stocks, shares and units. Gain insight and clarity with Home Depot. In State Tax Regulations of the Russian Federation dated May 30, 1995, N 32, and in a letter to the State Tax Service of the Russian Federation of December 25, 1995 N VN-6-03/659 "On the time issue guidance on the treatment of taxpayers with property individuals and the land tax ", we see that the tax is levied only if the issuance of a notary public or officials authorized to perform notarial acts, certificates of inheritance or certificate of gift agreements. Based on the analysis of these rules, we can conclude that at present the subject to taxation only the property that passes by inheritance, and property under the contracts of donation, certifying notaries.

In accordance with the provisions of the Civil Code of the contract of gift of immovable property may be made in writing and notarized form is not mandatory, but civil Russian law requires a mandatory state registration of subsequent transactions. From 1 January 2006 in accordance with new legislation in the main innovation of the income taxation of individuals in through inheritance or donation of property is the replacement of the progressive tax rate is proportional. The tax rate on personal income (Chapter 23 of the Tax Code), namely, the property transferred by inheritance (More precisely – only for those few types of property passing by way of inheritance, which the legislator has not freed from taxation) or donation is set at 13% for individuals who are tax residents of the Russian Federation, or 30% of revenues from sources in the Russian Federation, received by individuals who are not tax residents of the Russian Federation.