In Russia, it was proposed to exempt from personal income tax, which is paid from the sale of residential real estate, low-income families, people in need of expensive treatment or rehabilitation, who bought housing with the help of maternity capital, as well as large families. Such an initiative was sent to the Cabinet of Ministers, the Federation Council and the Ministry of Finance by the federal company “Etazhi” (Izvestia has at its disposal).
Today, the tax can be waived five years after the purchase of housing (three years if this is the only housing).
The idea is worth considering, said Alexander Aksenenko, deputy chairman of the State Duma committee on construction and housing and communal services. Perhaps even all families with children who plan to improve their living conditions should be exempted from such a tax, he believes.
“Given the increased amount of social obligations that now fall on the budgets of all levels, new support measures should be clearly targeted,” said Alexander Yakubovsky, a member of the State Duma Committee on Construction and Housing from United Russia.
The proposal complies with the principles of targeting and need-accounting, therefore, it should be supported, Pavel Sklyanchuk, an expert from the Popular Front, is sure. He added that the urgent sale of the apartment is rather a necessary measure for families who find themselves in a difficult situation.
Read more in the exclusive Izvestia article:
Poverty is not a tax: they want to abolish personal income tax on the sale of housing for the poor
