The Federal Tax Service of Russia gives explanations on the procedure for taxation with the tax on incomes of natural persons
In the Letter N 04-2-03/7 of February 1, 2007 (document is in Russian), the Federal Tax Service of Russia explains that provisions of clause 2 of article 2 and clause
3 of article 5 of the Act N 268-FZ of December 30, 2006 (document is in Russian) provide availability of tree year period of possession with securities as term sufficient for those incomes received from selling such stocks in 2002-2006 shall not be liable with the tax on incomes of natural persons by means of granting of property tax deduction in full sum of income received from selling of such stocks.
Documents confirming the
term of acquisition of securities may be contracts, agreements, extractions from taxpayer' personal account of registry keeper, inquiries of companies which stocks are acquired and sold, inquiries on facts of changing to stocks of privatization checks, certificates on the inheritance right.
In the Letter N 04-2-02/63 of January 25, 2007 (document is in Russian),
the Federal Tax Service of Russia explains that instead property tax deduction from selling of property, a taxpayer has the right to reduce income received from selling such property to the sum of expenditures concerning to receiving of this income which were actually maid and confirmed by documents.
In composition of expenditures concerning to receiving of incomes from selling property which were actually maid and confirmed by documents,
a taxpayer has the right to take into account of sums of expenditures confirmed by documents on acquisition of realized property, maid by taxpayer in purposes of improvement of consumers characteristics of this property.
In the Letter N 04-2-03/10 of February 1, 2007 (document is in Russian), the Federal Tax Service of Russia explains that if leasing of flat belonging
to taxpayer is provided on the basis of contract concluded with agency, i.e. Russian organization, than aforesaid organization shall take the tax on incomes of natural persons on execution of duties of tax agent, when it pays income to taxpayer.
