Luxury real estate tax 2020 online calculator

Luxury tax on apartments and houses in the Russian Federation in 2020

Cadastral value This category is a certain indicator - the actual value of the property. It is established during professional inspections, taking into account the following points:

• Changes of a capital nature after extreme revaluation, for example due to repairs;
• Depreciation of real estate of a physical, natural nature;
• Deterioration of the surrounding space of a natural, physical nature, affecting the condition of the immovable object (for example, the land on which the house was built);
• Various other factors that can influence the value of the property (presence of hazardous enterprises near it, whether the necessary infrastructure is available).

Regional characteristics play an important role - in the city center the cost of housing will be higher than in remote areas (for example, in the region).

How luxury is taxed in Russia and other countries - in Kommersant’s infographics

At the beginning of the week, the Ministry of Finance once again denied news about plans to increase taxes on expensive cars, yachts and apartments. “Kommersant” decided to compare where one now has to pay more for such property—in Russia or abroad.

Central Administrative District is more expensive than Miami Beach

Apartments in Russia

are taxed depending on the footage and cadastral value. In Moscow, the highest tax rate - 0.3% - applies to housing costing from 50 million to 300 million rubles. At the same time, for any real estate with a cadastral value of more than 300 million rubles. (both residential and non-residential) an increased rate of 2% applies.

For example, the cadastral value of a nine-room apartment in the Presnensky district (TsAO)

in the luxurious residential complex "Granatny Palace" with an area of ​​758 sq.
m is 353,451,684.46 rubles. ($5,381,407.93 / €4,739,857.78 / £4,191,159.38). Subject to 12 months of sole ownership and without benefits, the tax amount at an increased rate of 2% should be 6,882,688 rubles.
in year. IN THE USA

tax rates are determined at the local level and vary not only among states, but also among counties within a state.
In Miami, the property tax rate is determined based not on market value, but on assessed value. In upscale Miami Beach (zip code 33140), properties with an assessed value of $5.4 million will be taxed at 1.28% at a rate of $69,120
. In the UK, stamp duty is levied as a percentage of the value of the sale of expensive residential property ( Progressive rates apply from 2% to 12% for properties over £125,000). For an apartment worth £4.2 million it will be £417 thousand , and if this is not the only home, it will be even more expensive - £543 thousand.

In addition to the lump sum payment, the owner will have to pay an annual Council Tax, depending on the value and location of the property. In
the London borough of Kensington and Chelsea, the tax for the most expensive property in the current financial year is £2,246.
In France

The “wealth tax” (ISF) was transformed into a tax on immovable wealth (IFI) in 2020.
It applies to all private family real estate, both in the country and abroad, with a total value of over €
1.3 million. The tax is calculated at a progressive rate from 0.5% to 1.5% (for real estate valued above
€
10 million).
For an apartment worth €4.7 million (if this is the only real estate) you will have to pay €32,758.
In Israel

In addition to taxes when buying/selling property, each owner (as well as tenant) must annually pay municipal tax, the amount of which depends on the size and location of the property.
For example, in Jerusalem the highest rate is for housing over 120 square meters. m - 110.03 shekels per 1 sq. m. For an apartment of 758 sq. m. m it will be 83.4 thousand shekels ($22.4 thousand).

In Israel, taxes double the cost of a car

In Russia

There is an increased transport tax for cars considered luxury.
The increasing factor ranges from 1.1–1.5 (for vehicles costing 3–5 million rubles) to 3 (more expensive than 15 million rubles). For example, for a three-year-old Rolls-Royce Dawn (costing from 25 million rubles) with an engine power of 570 hp.
With. the tax will be 257 thousand rubles. in year. About half of the US states have a car ownership tax (in addition to the initial registration fee).

It is calculated based on the weight of the car, its original cost and other criteria.
In the state of Nebraska, the tax rate for a Rolls-Royce Dawn (car category over $100 thousand, less than 7 tons) will be $1.9 thousand for the first year of registration, further decreasing
(for the second year - $1.71 thousand, third - $1 ,52 thousand, etc.). Starting from the 14th year of car registration, no tax is charged.

For British cars

Transport tax for the first year of registration is calculated based on the level of CO2 emissions.
The Rolls-Royce Dawn falls into the most expensive group (emissions are more than 255 g of CO2 per 1 km), for which the tax for the first year is £2,070, thereafter - £140 per year.
However, for a car costing more than £40,000 (which is the Rolls Royce Dawn), you must pay
an additional annual tax of £450 for five years from the second year of registration.
In France

When registering cars, there is, among other things, a tax for vehicles with high CO2 emissions (malus ecologique), which many luxury brands fall under.
For a car with emissions of more than 185 g of CO2 per 1 km, the rate is €10.5 thousand (for the Rolls-Royce Dawn this figure is about 330 g)
. At the same time, cars with emissions of less than 120 g of CO2 are exempt from the tax, and with each additional gram the tariff increases.

In Israel

A luxury tax was introduced, covering expensive cars, yachts, Jacuzzis, large refrigerators, and fur coats.
It applies to cars costing more than 300 thousand shekels ($80.6 thousand), from 2020 including hybrid and electric cars. In addition to the already high tax on the purchase of a new car (83%) and VAT (17%), it adds another 20% to the price. For the Rolls-Royce Dawn, this means a one-time increase in price of 283 thousand shekels (5 million rubles/$76 thousand).

Fewer tax havens remain for yachts

In Russia

yachts, motor boats, ATVs, helicopters and other equipment are subject to transport tax depending on their power.
It is believed that Roman Abramovich owns the largest yacht among Russians. His Eclipse has a length of 162.5 m. Its cost, according to Forbes, is $460 million. Taking into account 39.7 thousand horsepower, the owner of such a vessel must annually pay a transport tax in the amount of 1.588 million rubles.
IN THE USA

Owners of yachts and other vessels pay tax upon purchase; property taxes are levied in some states and not in others.
For example, in California it averages about 1% of the appraised value of the vessel. Thus, a $460 million superyacht would have to pay $4.6 million in tax per year.
In France

yachts were included in the old luxury tax, but are not counted as part of the tax base in the new one.
However, in 2020, a decree was adopted obliging yacht owners to pay social contributions provided for by French legislation for a crew that stays in the country/on a yacht flying the French flag for at least 6 months. in year. Costs for a team of seven people can reach € 300 thousand per year.
Tax on the purchase of yachts for private use in Israel

is 15%.
According to estimates from owners who received payments, it amounts to 60–100 thousand shekels ($16–29 thousand). For a $460 million yacht it could be as high as $69 million.
NOTE. For comparison purposes, the tax calculation does not take into account various deductions and other individual circumstances applicable in a particular situation. All amounts in the infographic are converted into dollars at the exchange rate as of October 31, 2018.

Olga Shkurenko, Mikhail Malaev, Evgeniy Fedunenko

Luxury tax in 2018

Until 2020, the tax on a property was determined taking into account its inventory assessment. Today, one more value has been added to these indicators:

• Cadastral value.

In 2020, certain amendments were made to the Tax Code of the Russian Federation regarding the calculation of tax on real estate. The goal of the reform is to gradually increase the tax to 20% annually, the duration of this tax program is 5 years.

Attention

Reduction coefficients should limit the growth of tax payments. This five-year time period is intended to ensure a smooth change in taxation - according to various experts, the value of the cadastral value exceeds the inventory value by 10 times. Basic provisions of the tax program The luxury tax is considered an additional fee of the state, its payment occurs under certain conditions indicating a specific level of income of a category of people.

What is the luxury tax on real estate?

The tax, which is paid to the treasury of the state for the right to own luxury residential real estate, is a mandatory fee. Its amount is paid annually by individuals of a certain social status who have received ownership rights to such an object.

The financial obligation of wealthy citizens to the state to pay this type of tax must be implemented in strict accordance with the requirements of the Tax Code, which is due to the need to achieve certain goals.

Luxury tax in Russia on real estate is paid for:

• introducing an effective mechanism to combat the corruption component of the activities of officials who serve for the benefit of the state;
• proper redistribution of financial flows, strengthening the economic positions of the regions;
• ensuring the effectiveness of the principle of social justice;
• filling the state treasury with the help of additional fees.

It is important that this type of tax applies to almost all categories of citizens who demonstrate a high level of material wealth.

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Luxury tax in 2018 Moscow

Who doesn't have to pay luxury tax? The following persons are exempt:

• disabled people;
• WWII veterans;
• participants in various military operations;
• heroes of the Russian Federation and the USSR;
• as well as parents with many children.

Is it possible to avoid paying luxury tax? There are also various tricks that some people use to evade paying taxes. If the vehicle is registered with an organization that is taking part in the preparation of the 2020 FIFA World Cup, vehicles that have been converted to be driven by disabled people. Luxury tax: real estate Our legislation provides for the option of paying a real estate tax. Everything is simple here; a multiplying factor is applied when calculating property tax for individuals. If the value of your real estate exceeds 300 million rubles, please, put the money in cash. In addition, legislative acts indicate:

• Luxury housing is apartments with an area of ​​more than 200 square meters, the price is over 30 million rubles;
• Real estate with a value of more than 300 million rubles. is recognized as a luxury object, the tax amount on it is determined in the amount of 2% of the cadastral value of this housing.

Changes in real estate taxation will affect a large number of people. The real price (market value) of a real estate property in a certain region comes to the fore. For example, the price per square meter in Moscow is 170 thousand rubles, in other cities of the Russian Federation it varies from 35-40 thousand rubles. Consequently, an ordinary apartment in Moscow will cost at least 9 million rubles; it will be able to move into the category of “luxury housing” in the region.

Even three-room apartments will be subject to luxury tax

Instead of a 20% personal income tax and taxation of luxury items such as jewelry, furs and expensive watches, the Ministry of Finance wants to expand the circle of luxury tax payers to include large 3- and 4-room apartments, medium-sized houses and car engine sizes.
This will allow the luxury tax to be applied to representatives of the middle class, experts are sure. The bill “On amendments to the Tax Code to introduce a luxury tax” was developed by Finance Minister Yuri Kolobov. The document should replace the project proposed back in November last year by the Minister of Social Policy Sergei Tigipko.

Related article: Ukrainians are promised to increase tariffs for housing and communal services

First of all, the Ministry of Finance decided to change the norms of real estate tax, which should come into force on July 1, by revising the base - from residential to total area. The Ministry of Finance considers apartments with a total area of ​​more than 120 square meters luxury. m and houses from 250 sq. m (Tigipko offered 200 sq. m and 400 sq. m, respectively). The same thresholds are set for the annual collection of property taxes.

In fact, this means the introduction of double taxation. The tax on real estate, both residential and non-residential, will be calculated as 1-2.7% of the minimum wage (MW) per 1 sq. m, and the luxury tax will be levied on residential real estate in the amount of 0.5% of the assessed value of housing » minus the costs of its assessment. The new tax will have to be paid by residents of apartment buildings - both old and new buildings. “Since 2003-2004, when the construction boom began, developers began to build houses in which some apartments with an area of ​​120 square meters. m, had three or four rooms,” explained Sergei Tumasov, CEO of Global Solutions.

An additional tax will also fall on all residential buildings that were built after 1995, because it was unprofitable to build them with an area of ​​less than 250 square meters. m, the expert added. The luxury tax will be paid by the owner of residential property, regardless of the number of people living in the apartment or house, as well as their social status. Even having an unpaid mortgage loan will not exempt you from paying tax. The luxury tax will be levied on planes, ships and helicopters - 1% of the value, but will not apply to jewelry, furs, expensive mobile phones, watches and weapons.

Experts acknowledge the difficulties in administering such goods, suggesting simply paying a higher VAT rate when importing, as in some EU countries. The Ministry of Finance also wants to abandon the introduction of a 20% tax on income for individuals in the amount of more than 15 MZ. This is justified, since wages are not related to luxury, and an increased rate could provoke an increase in the share of shadow wages, says Valery Gladky, Director General of the Bureau of Economic and Social Research.

It is also proposed to reduce the level required for taxation of cars to 3 thousand cubic meters. cm from the previously proposed 3.4 thousand cubic meters. see. Owners of motorcycles with an engine capacity of 800 cc will also have to pay tax. cm (but not older than 7 years), water vessels with a power of 75 kW (no more than 20 years), airplanes and helicopters. It is proposed to calculate the tax based on their estimated value, but not less than 2% of the minimum wage for each cubic meter. cm of engine or kg of flight weight. The Ministry of Finance expects that additional state budget revenues from the introduction of a luxury tax will amount to UAH 900 million.

According to economists, the government's initiatives will increase the number of taxpayers, but not at the expense of wealthy Ukrainians, but by extending the tax to middle-income citizens. “The prestige of a car lies not in the power of the engine, but in its brand. After all, there are cars with a capacity of 3,000 cubic meters, purchased by the middle class. Therefore, it is more logical to register exactly the brands of cars that would be subject to the tax,” says senior economist Vladimir Dubrovsky. “The tax will not affect the rich, because they have nothing registered in Ukraine, or everything is registered in the name of legal entities, so companies must also be taxed at higher rates.

And the tax will affect those citizens who have legal income and register property in their own name, and are not looking for evasion schemes,” sums up Valery Gladky. Therefore, experts advise applying the European experience of levying taxes based on the level of market value of real estate. For example, in France a luxury tax rate of 0.25% is paid on properties worth more than €1.3 million, and a higher rate in the UK of 5% is paid on properties over £1 million.

New property tax (luxury tax) - rates, benefits and assessment

Luxury tax on apartments and houses in the Russian Federation in 2020

• The tax is not charged on a vehicle that is wanted.
• Taxation does not apply to cars that have been equipped to transport disabled people.
• The vehicle is registered with an organization directly involved in preparations for the FIFA World Cup, which is scheduled to take place in 2018.
• Payment criteria Parameters that a car must meet in order to be included in the list of vehicles with an increased tax levy:

• make and model of car;
• engine type, its volume;
• the number of years that have passed since the year of issue.

The size of the increasing coefficients The Tax Code provides for the following coefficients: Age of the vehicle up to a year 1-2 2-3 more than 3 years coefficients 1.5 1.3 1.1 1.0 If the cost of the vehicle is 5-10 million and 5 years have passed since the year of manufacture , coefficient - 2.

Luxury tax 2020: objects and tax rates

Attempts to introduce a separate tax on luxury goods in the form of real estate into the tax system were made several years ago. In 2014, the State Duma did not approve a bill introducing increased tax rates on expensive real estate. The first bills on this type of tax dealt with the market value of objects; the limit for them was set at 30 million rubles. The luxury tax (2018) is considered by legislators as a tool to influence owners of expensive real estate. Some proposals amount to combining land tax and property tax. In fact, the object of taxation may be:

• land plot;
• building under construction;
• residential and non-residential premises.

The role of the “luxury tax” is now played by the property tax, which increases taking into account the transition to the cadastral value of real estate in the calculation. At the beginning of 2020, a complete transition of all regions to calculating real estate taxes from cadastral valuations is planned, which will lead to an increase in the tax obligations of owners of not only luxury, but also ordinary apartments and houses.

Currently, real estate is classified as expensive if its cadastral value exceeds 300 million rubles; such housing and non-residential buildings are taxed at the rate of 2% (clause 2, clause 2, article 406 of the Tax Code of the Russian Federation). How is it proposed to introduce the so-called “luxury tax” (on real estate) in 2020?

The tax amount is tied to the cadastral value. When classifying real estate, a multicomponent indicator can be taken into account - it is calculated as the sum of the actual assessment of the house and the cadastral assessment of the land plot on which the building is built. The rate can be set and adjusted (lowered or increased) by regional authorities. Differential rates may depend on the type and cost of the object, its location, and the type of territory where it is located. That is, the question of which property to apply increased rates to is decided by local law.

Changing the current mechanism for taxing real estate is impossible without adjusting the entire system of collecting taxes from residential and non-residential buildings. The introduction of a separate luxury tax has always been subject to the fact that tax is already levied on the intended objects of taxation, and this can lead to double taxation.

The essence of the luxury real estate tax: nuances and concepts

What falls into the luxury category? The following objects are subject to tax:

• various land plots;
• real estate belonging to both residential and non-residential categories;
• real estate that is under construction.

Since the mentioned real estate has its own market and cadastral value, determined through a professional valuation, various factors influencing the formation of the mentioned amounts should be taken into account. If revaluation is not carried out regularly in accordance with the standards established by law, the property owner risks greatly overpaying in taxes. Based on what has been described, you need to know what cadastral value is and how it can be influenced.

This is a very important point that determines whether luxury tax will be paid in a particular situation.

Luxury car tax 2020 calculation calculator

The total number of positions is 279 and will continue to grow. Features and calculations Attention: The average set price may differ from the actual price paid for the vehicle! When independently calculating the luxury tax 2020, the list of cars is divided into the following groups: To calculate, you need to multiply the amount of the transport tax by the coefficient corresponding to the cost and year of manufacture of the vehicle.

for luxury: vehicles In 2020-2020, the new tax system for luxury and prestige consumption particularly affected vehicles: Attention: There is no single constant list of vehicles, it is revised on March 1 annually, for example, in 2020, an additional 90 cars were included in it .

Luxury tax payment deadline 2020

For owners of business class apartments of 147 square meters (cadastral valuation 43,000,000 rubles) until 2014, they had to pay a tax of 14,500 rubles. After 2014 - more than 36,000 rubles. Moreover, there are real estate properties for which the tax will increase forty times. Now for such objects the tax is paid in a penny amount. Thus, the owner of a brick house in Krasnodar with an area of ​​500 square meters now pays a tax of 100 rubles. After 2014, the tax on such a building will be 4,000 rubles, that is, it will increase 40 times. In addition, such a tax will be noticeable for those who bought apartments in new buildings for rent. If the total area of ​​the apartments, for example, is 200 square meters, then the tax will be 29,000 rubles. Tax for preferential categories The tax also provides benefits. Garages 0.1 Construction in progress 0.3 Commercial buildings 2 Administrative buildings 2 Changes in the tax program in 2020 Previously, as a result of the purchase of a two-room housing in the city on the central lands, a resident paid 500 rubles to the budget. tax, upon completion of the new reform, the tax amount will increase to 5 thousand rubles. annually (even more). The basis of taxation will be the cadastral value (and not the inventory value), which can bring real estate as close as possible to its market price. Dimensional parameters of the tax amount are 0.1-2% of the cadastral valuation.

This taxation is not uniform for owners of different real estate options; it will be updated over a period of 5 years, taking into account research by independent experts.

Property Tax 2020

The Ministry of Industry and Trade has published passenger cars with an average cost of 3 million rubles for calculating transport tax for 2020. As the Federal Tax Service, in accordance with paragraph 2 of Article 362 of the Tax Code of the Russian Federation, the tax on cars included in the List is calculated taking into account increasing factors from 1.1 to 3, depending on the year of manufacture of the car.

Interesting read: How to queue for the garden

Basic nuances of paying luxury tax

The luxury real estate tax in 2020 is a mandatory fee that is paid by a certain category of citizens subject to specific conditions. Benefit groups are insured against this tax, but you should take a closer look at some of the features in order to understand how to avoid such payments.

Hello, Yuri! The so-called luxury tax is currently only applicable to vehicles. There, an increasing factor is added to the regular tax rate, the size of which depends on the cost of the car.

• What influences the formation of the tax amount?
• Come for consultations with specialists
• The procedure for paying the tax amount to the Federal Tax Service
• What residential properties are considered luxury?
• What is the luxury tax on real estate?

Luxury tax for real estate 2020

Contents Garages 0.1 Construction in progress 0.3 Commercial buildings 2 Administrative buildings 2 Changes in the tax program in 2020 Previously, as a result of the purchase of a two-room housing in the city on the central lands, a resident paid 500 rubles to the budget.

For the BMW X5 M, the amount of transport tax will be noticeably higher, despite the fact that the cars are in the same price category. An engine with a capacity of 575 horsepower is installed here; accordingly, the basic transport tax will be 86,000 rubles, which, taking into account the increasing rate, turns into 130,000.

Let's look at the calculation formula in action. As an example, let's take the BMW 535d x Drive, with 313 hp. With. Based on engine power, economic safety class and fuel type, the tax amount for such a car is about 47,000 rubles. The GARANT system has been produced since 1990. and its partners are members of the Russian Association of Legal Information GARANT. Our articles are informational in nature about solving certain legal issues. However, each situation is individual.

Luxury tax on real estate in 2020 in

This bill was introduced back in 2013, but was canceled because the concept of luxury was not even defined. This issue was also raised again in 2014, but it also remained unaccepted. Already in 2020, the project was approached more responsibly, since goods were identified that can be classified as luxury class, according to which certain payments in the form of taxes are levied on them. Many experts note the main feature of this taxation - it concerns almost the entire population of Russia, acting as an additional tax on land and property.

• coefficient 3 is provided for cars whose price is from 10 to 15 million rubles, provided that they were produced no more than 10 years ago, as well as for cars costing more than 15 million rubles, produced no more than 20 years ago; • rate coefficient 2 is calculated for cars purchased at a price of 5 to 10 million rubles and produced no more than 5 years ago; • cars manufactured no more than 1 year ago, costing 3–5 million rubles, will be taxed at a rate of 1.5; • if the price ranges from 3 to 5 million rubles, and the car was produced no later than 2 years ago, then the coefficient for the increased tax will be 1.3; • a rate coefficient of 1.1 is provided for personal vehicles aged from 2 to 3 years and costing from 3 to 5 million rubles.

Luxury real estate tax in 2020

In such a situation, the profit of people engaged in this type of activity will be reduced to a minimum. Owners of suburban real estate will be in a more advantageous position - 20 square meters, which are not subject to tax, will be deducted from the total total real estate area. If the area of ​​the property is identical (or less) to the preferential square footage, its owners are not subject to taxation.

Coefficients in force in Moscow Real estate Tax rate Housing with a cadastral value of less than 10 million rubles. 0.1 Housing with a cadastral value of 10-20 million rubles. 0.15 Housing with a cadastral value of 20-50 million rubles. 0.2 Housing with a cadastral value of 50-300 million rubles. 0.3 Housing with a cadastral value of over 300 million rubles.

Luxury car tax 2020 calculation

If the taxpayer's car falls under these data, when registering the car, the information is transferred to the Federal Tax Service, and calculations are automatically made there. The taxpayer receives a letter; he is obliged to go to the bank and pay the specified tax; information on charges can also be viewed in his personal account on the website of the regional branch of the Federal Tax Service. At the same time, many owners want to pre-calculate the luxury tax of a car before purchasing in order to know exactly how much they will have to pay annually.

Luxury car tax 2020 calculation and list of models - how to calculate correctly and where to pay. First, we need to explain what exactly is called a luxury car tax.

In fact, there is no separate tax on expensive cars; there is a current transport tax, which is calculated based on the car’s power and regional rates. For luxury cars, only a multiplying factor is used. The tax service has a list of models up to 10 years old, whose value exceeds 3,000,000 rubles. The list there is quite large, here are just some of the models: