Russian legislation is far from perfect. It contains a lot of weak points that are subject to revision and adjustment. It is not for nothing that many changes were made in 2020 and 2021, including in the field of cadastral registration and registration of real estate objects.
If the apartment has been owned for less than 5 years and you decide to sell it, you will need to pay income tax. How to calculate the tax amount correctly? According to the current legislation of the Russian Federation, two types of deductions are provided for when selling an apartment:
On July 1 of this year, the preferential mortgage was modified . And if one category of citizens has lost something, then others, on the contrary, have gained new opportunities. We are talking about families raising only one child. Now it is easier for them to improve their living conditions.
Today, many real estate transactions are accompanied by a letter of credit. What is this method of mutual settlement and what are its types? Letter of credit: what is that? When conducting real estate transactions, this concept means a method of non-cash payment in accordance with the contract that is concluded before the purchase of the object. As a result, the seller will be able to receive money only after he fully fulfills the conditions specified in it. The funds are kept in a special bank account (letter of credit) until this time. The buyer of real estate in the framework of this method of calculation instructs the banking institution to perform an operation to transfer money to the seller, thereby protecting himself from fraud.
Citizens of other countries can now count on a mortgage loan from the Russian Sberbank. The exceptions are Afghanistan, Iraq, Cuba, Syria and other countries — there are twenty of them in total.
The property has a market and cadastral value. Almost everyone knows what the market value is and how it is formed. This is a parameter that is flexible. Most often people ask what value the cadastral value has when selling real estate. In short, almost none. The cadastral value is formed for the calculation of taxes, and not for sale.
The Family Mortgage program, which allows you to purchase housing on preferential terms, is expanding after July 1, 2021. If previously families with a second child born after 01.01. 2018 could count on benefits, now even single-parent parents will be able to take housing at a reduced interest rate.
Since July 1 of this year, changes have come into force in the Russian mortgage market: two important housing purchase programs, which are covered by state support, are now operating with new conditions.
Rosreestr is creating a single platform for calculating the cadastral value, which will fully start functioning in 2024. The use of a common all-Russian system will eliminate errors and reduce the number of court disputes. The problem is that different software is used in each region, which often causes an inflated cost and high taxes.
Hereditary disputes are a common phenomenon at court sessions. But challenging a will is a rare procedure. There are statistics according to which one out of five such cases completes a positive verdict. This means that the claims are satisfied, the will is declared invalid.