Putin proposed tax breaks for families with children

Putin proposed to exempt large families from paying personal income tax if they spent money on buying new housing during the year

 Putin proposed tax breaks for families with children

Speaking at the congress of “United Russia”, President Vladimir Putin proposed to exempt from paying income tax families with two or more children, if during the calendar year they direct funds for the purchase of new housing, reports the correspondent of RBC.

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“I propose to exempt families with two or more children from paying tax on income from the sale of residential real estate, if during the calendar year they direct the funds received for the purchase of new housing. In this way, dear colleagues, we will be able to provide people with more opportunities to improve their living conditions: some money will remain in their hands, and they will be able to use it to buy a larger apartment, ” the president said.

Putin also announced other measures to support families with children in an April address to the Federal Assembly. In August, families with children-schoolchildren and those who will only go to the first grade, will receive 10 thousand rubles for each student. In addition, from September 1, the payment of sick leave for the care of a child under the age of seven years inclusive will be 100% of earnings.

Single-parent families with children from eight to 17 years old will be assigned monthly payments in the amount of half of the child’s living wage in the region. The average in Russia is 5.6 thousand rubles.

In September 2019, the government approved a one-time payment of 450 thousand rubles to large families. These funds should be used to repay mortgage loans. The payment can be received by parents who have or will have a third child and subsequent children from January 1, 2019 to December 31, 2022. The benefit also applies to parents who have adopted children.

Источник rbc.ru

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