LIST OF BENEFITS YOU CAN CLAIM

The news article explains benefits that can be claimed but that few people know about.

1. Improving housing conditions without unnecessary spending.

Families with two or more children do not have to pay personal income tax when selling an apartment to improve housing conditions. The new home must be bought in the year the old one is sold or by 30 April of the following year. The total area or cadastral value of the new apartment must be greater than that of the property sold. The cadastral value of the home sold must not exceed 50 million rubles. At the time of sale, family members must not own more than 50% of another dwelling larger than the one purchased.

2. No property tax.

Pensioners, people with Group I or II disabilities and military personnel do not pay property tax. The exemption applies to one property of each type—for example, one apartment, one house and one garage simultaneously. Apply to the Federal Tax Service to claim it.

3. No tax on six hundred square metres of land.

Pensioners, large families, combat veterans, people with Group I or II disabilities and children with disabilities also need not pay land tax on 600 square metres. Tax is charged only on the excess area.

4. Free medicines for children.

Children under three, and children under six from large families, are entitled to free medicines. The list is approved annually. A clinic paediatrician may prescribe them, and they can be obtained from any pharmacy serving benefit recipients.

5. Tax deductions.

A tax deduction lets you recover or avoid paying part of your taxes. Any Russian citizen paying personal income tax is entitled. Deductions include apartment purchases and mortgages, paid medical treatment or education, sport, children, donations and investments.

6. Housing and utility payment benefits.

A subsidy is provided if a family’s housing and utility expenses exceed the maximum permitted share of family income. Each region sets its own figure. Certain groups, such as veterans, people with disabilities and large families, also receive compensation for housing and utility costs.

7. Additional payments for children under three.

In addition to the unified child benefit, families may receive a payment from maternity capital for a child under three. The main condition is that income per family member must not exceed twice the subsistence minimum in your region. The payment equals the regional subsistence minimum for a child.