FEATURES OF TAXATION OF INCOME FROM THE SALE OF LAND BY INDIVIDUALS FROM A POSITION OF A COMBINATION OF PUBLIC AND PRIVATE INTERESTS

Abstract

The article deals with situations when the taxation of income of citizens with income tax from the sale of land does not fully comply with the principle of maintaining a balance of public and private interests. In particular, these are cases of sale of newly formed land plots, land plots held by citizens on the rights of permanent (unlimited) use or lifelong inheritable possession prior to registration of ownership of them, seizure of land plots or their parts for state or municipal needs. In order to protect private interests and stimulate the turnover of land plots, the author proposes exempting citizens from income tax when selling land plots before the expiration of the minimum term of owning an immovable property in these cases.