They want to exempt poor Russian citizens from paying income tax when selling housing, they write “News”.
According to the publication, this initiative was made by real estate agents who sent it to the government, the Ministry of Finance and the Federation Council. The initiative was also supported in the “People’s Front” and the State Duma.
Citizens of the Russian Federation must pay personal income tax if the housing is sold earlier than five years after its purchase, and within three years if it is single.
“Tax incentives for families whose income is below the subsistence level per capita deserve discussion and support … with regard to vulnerable segments of the population, all possible cases should be carefully studied so that the measure does not become a loophole for scammers. ” Shared Alexander Aksenenko, deputy chairman of the State Duma Committee on construction and housing and communal services.
Metrium Managing Partner Nadezhda Korkka added that the initiative is socially oriented.
Former financial expert, investment school founder Elena Drozdova said about two tax breaks when buying an apartment.