The new property tax is a military levy

Why real estate agencies flourish in our time and more and more people, selling or buying real estate, turn to realtors? In fact, everything is simple, every person, even at a subconscious level, is trying in every way to protect himself. And by contacting a reputable real estate agency, the client not only saves his time, but also receives a reliable assistant and partner in all legal, notarial and financial matters.

But this absolutely does not mean that the client should thoughtlessly follow all the instructions of a realtor. The client must clearly understand what he signs and what he pays for.

First of all – this applies to taxes on the sale of real estate. Particularly relevant is the issue of the newly introduced tax, which is called the military duty and which amounts to 1.5% of the cost. The good news is that it is not mandatory for all sellers.

When is the military gathering? And he appears if the property is owned by the seller for less than three years. Accordingly, such an owner will need to pay 5% of personal income tax (personal income tax), as well as 1.5% of the military duty when making a sale.

I propose to summarize:

A seller who owns real estate for more than 3 years pays: 1% to the pension fund and 1% of the state. duties. As a rule, these 2% are divided between the Seller and the Buyer in half in equal parts.
A seller who owns real estate for less than 3 years pays: 1% to the pension fund and 1% of the state. duties, 5% personal income tax plus 1.5% military duty. As a rule, 2% are divided in half between the Seller and the Buyer, and 5% and 1.5% fall on the shoulders of the Seller.
Also, do not forget about the related waste, such as real estate valuation, notary services.