Some gifts are taxed on personal income (personal income tax), telling the agency “Excellent” Notarized Maria Kornilova.
Money and things received from friends are not taxable. However, taxes are taxed by real estate, vehicles, stocks, stocks and stocks, digital financial assets and digital rights. To calculate the size of the collection, it is necessary to multiply the market value of the gift for tax rates. Regarding real estate, everything is determined by its cadastral value.
The only exception for this rule is the gifts received from the spouse, children, parents, grandfather, grandchildren, grandchildren, as well as family and siblings were exempt from tax.
Similar types of citizens have 50 percent benefits for federal tax rates when certifying real estate gift agreements at a notary, she said.
In July, Duma state immediately in the second and third readers passed the 50 % discount rule when paying the State tax on the notarized certificate of housing gift agreements for relatives and family members. The later includes spouses, parents and children (both relatives and adopted children). The law also expands for grandparents, grandchildren and siblings.
