When selling a car you must list inbudget 13% of the transaction value. But that is not all. Taxpayers also need to fill out a report and submit it on time. Read more about how to fill out a tax return when selling a car, read on.
According to Art.217 NK, citizens who own a car bought less than 3 years ago are required to pay personal income tax. After the specified period, the person is exempt from paying tax. This category includes people who sell a car at a price lower than the initial cost. Previously, they must confirm a loss-making transaction by attaching a copy of the agreement on the purchase of cars and an account with the traffic police. Such citizens should still fill out a declaration for the sale of a car that has been in their possession for less than 3 years. Attention! This is not about calendar years. The countdown period starts from the moment you buy the car. Date of registration of the car does not matter.
Taxpayers must submit a report beforeApril 30 following the reporting year. You must pay the fee until June 15 of the same year. If the declaration after the sale of the car was submitted late, the offender faces:
The tenure of the car does not matter.If a vehicle that has been owned for more than 3 years is sold, the taxpayer is obliged to complete and return the declaration. In case of violation of this requirement, he faces a fine in the amount of 1 thousand rubles.
Art.217 NC provides for a tax deduction when calculating the fee. It is 250 thousand rubles. If the amount of revenue from the transaction or the cost of the purchase does not exceed the specified limit, then you will not have to transfer the tax to the budget. If more, then the tax is paid from the amount of excess:
PIT = (Revenue - Deduction (expenses)) x 0.13.
The deduction applies to income from the sale of anynumber of vehicles throughout the year. The specified amount is fixed and not subject to increase. In this case, you will need to confirm not only the fact of purchase, but also the fact of payment for the car.
That is, the taxpayer will have to provideinvoice from the salon and a payment order or receipt from the seller. If one of the documents is not, then the tax will take a deduction on the basis of the sale agreement. The main thing is to have in it the wording “all calculations are fully made”. The phrase will be relevant only in contracts of sale with individuals. PIs are required to carry out transactions for large amounts only through a bank account.
If the taxpayer does not have documents confirming the costs of acquiring a vehicle (contract, check, payment order, etc.), he can use the tax deduction.
The cost of buying a new car to the income from the sale of the old does not apply. The basis for calculating the tax can only be reduced by the amount of expenses from the purchase of a sold car.
Example
The taxpayer sells 2 vehicles that are purchasedless than 3 years ago. The selling price of the first vehicle is 400 thousand rubles, and the second - 500 thousand rubles. The seller decides to reduce the amount of revenue on expenses when buying cars: 500 thousand rubles. and 200 thousand rubles. respectively. In this situation, many taxpayers make a mistake when calculating the amount of tax as follows:
400 + 500 - 500 - 200 = 200 thousand rubles. x 0,13 = 26 thousand rubles.
How to calculate the amount of tax payable to the budget? Revenues and expenses are calculated separately for each car:
1 TS: (400 - 500) = 0 - tax on the transaction is not paid.
2 TS: (500 - 200) = 300 thousand rubles.
PIT = (300 + 0) x 0.13 = 39 thousand rubles.
Taxpayer when filling in 3-NDFL need to prepare 6 sheets:
When preparing a report, it is important to correctly specify the following data:
Today, you can use the Declaration program to quickly fill out a report. You can download software on the FTS website in the "For individuals" section.
Some taxpayers believe they havethe right to reduce the base two times, that is, to apply the “income-expense” scheme first and then use the deduction. Under the law, doing so is prohibited.
Спорные ситуации возникают при продаже сразу several cars. For example, if the taxpayer wants to apply a deduction in respect of one vehicle, and another - “income - expenses”. There is no direct prohibition on using two schemes at the same time in the legislation.
According to the Letter of the Ministry of Finance No. 05 / 9-133, when sellingfor one reporting period of two CUs, a taxpayer can use a deduction of up to 250 thousand rubles and reduce income by the amount of documented expenses. However, this interpretation is contrary to the provisions of the Tax Code. The law says that you can apply expenses instead of deduction. Therefore, the tax authorities refuse to payers who use two schemes at once when calculating the amount of tax.
For the year two cars were sold for 280 thousandrub. and 490 thousand rubles. The taxpayer has documents confirming expenses in the amount of 360 thousand rubles. only in relation to the first vehicle. When calculating the tax amount, two schemes were used at once:
((280 - 250) + (490 - 360)) = (30 + 130) х 0.13 = 20.8 thousand rubles.
If the taxpayer provides such a declaration to the IFTS, he will have to prove the correctness of the calculations through the court.
The taxpayer in 2016 sold the car for600 thousand rubles The purchase price was 550 thousand rubles. He needs to submit a declaration and pay tax in 2017. In this case, it is more profitable to reduce the calculation base by the amount of expenses:
(600 - 550) x 0.13 = 6.5 thousand rubles.
Consider how to fill out a declaration for the sale of a car that has been owned for less than 3 years using the program.
First you need to specify the initial parameters:
Next, the Payer's Details are filled in:
Zero declaration when selling a car shouldcontain information about the income of the payer. To fill it up on the tab of the same name in the program, you need to click the "+" next to the "Sources of payment". To make further information you need to help 2-NDFL from the accounting department of the company. Income is not only salary, but also vacation pay and sick leave. It is necessary to enter information monthly by the total amount.
How further is the declaration for the sale of a car less than 3 years old owned? In the next step, you need to fill out income information:
1. Source of payments - Full name. buyer.
2. Income code - 1520.
3. Amount - revenue from the sale.
4. Month of income.
5. Deduction code: 906 (if the income does not exceed 250 thousand rubles), 903 (if the income from the transaction exceeds the expense), 0 (if no deduction is provided).
In our case, it is necessary to choose code 906 and in the field “Amount of deduction” indicate the cost of sales of the vehicle, that is 550 thousand rubles.
After entering all the parameters simplyprint the document. Zero declaration when selling a car is filled in the same way. Only in p. 040 of Section 6 will the amount payable be “0”.
The tax return for the sale of the car is filed with:
A completed declaration for the sale of the car(less than 3 years in the property) should be printed out and put a date and signature on each sheet. Further, the report must either be personally referred to the FTS, or sent by registered letter with an inventory list.
To use the scheme "income - expenses" hasmeaning only if the cost of the purchase exceeds 250 thousand rubles. In other cases, it is better to use a deduction. In addition, the taxpayer will not have to prove the value of the car being sold.
