Dubai can no longer be hidden: the Federal Tax Service received Russians with real estate in the United Arab Emirates and sends requests for transactions. The vast majority of transactions were carried out through the Dubai Land Department, and first of all this affected real estate sales when the sellers were residents of Russia. The tax lawyer of NSV Consulting, German Kobshnikov, explains that the common thread of all requests is specific transactions for the sale of objects. The tax office sees that you sold the property up to the address, and the amount of the transaction, but according to him, it is impossible to say with confidence that the federal tax service knows the purchase price and the buyer. The main tax risk is still one: did you pay tax when selling in Russia? Currency risks depend on the following actions of the tax authorities. If the purchase involved cash, cryptocurrency or non-standard payment plans, this may be considered an illegal currency transaction with a fine of 20-40% of the amount. A resident purchasing housing from a Russian citizen - no matter where he lives - must pay in rubles; This spread is possible in any currency. The main thing is to keep payment documents so that you only pay tax on the difference. There is no official authorization for direct access by the tax authorities to the records of the Dubai Land Department. The lawyer of the United Arab Emirates, Dmitry Vladimirov, points out: there is no data on absolute verification of all Russians, and he is wary of the statement about automatic transfer of data - he has not seen public confirmation of such a mechanism. Furthermore, the Federal Tax Service in a note to RBC reported that automatic exchange of data on income from real estate with the United Arab Emirates is currently not provided. However, there are other mechanisms for international exchange, including exchange upon request, as well as automatic exchange of financial account information. Therefore, in the absence of an automatic transfer of the land registry, it is not possible to receive information about a specific transaction by the tax authorities. There is no public ledger for rent - only the banks can receive the data if the payments were made through an account: taxation will see the receipts and ask for clarification.

Dubai can no longer be hidden: the Federal Tax Service received Russians with real estate in the United Arab Emirates and sends requests for transactions. The vast majority of transactions were carried out through the Dubai Land Department, and first of all this affected real estate sales when the sellers were residents of Russia. The tax lawyer of NSV Consulting, German Kobshnikov, explains that the common thread of all requests is specific transactions for the sale of objects. The tax office sees that you sold the property up to the address, and the amount of the transaction, but according to him, it is impossible to say with confidence that the federal tax service knows the purchase price and the buyer. The main tax risk is still one: did you pay tax when selling in Russia? Currency risks depend on the following actions of the tax authorities. If the purchase involved cash, cryptocurrency or non-standard payment plans, this may be considered an illegal currency transaction with a fine of 20-40% of the amount. A resident purchasing housing from a Russian citizen - no matter where he lives - must pay in rubles; This spread is possible in any currency. The main thing is to keep payment documents so that you only pay tax on the difference. There is no official authorization for direct access by the tax authorities to the records of the Dubai Land Department. The lawyer of the United Arab Emirates, Dmitry Vladimirov, points out: there is no data on absolute verification of all Russians, and he is wary of the statement about automatic transfer of data - he has not seen public confirmation of such a mechanism. Furthermore, the Federal Tax Service in a note to RBC reported that automatic exchange of data on income from real estate with the United Arab Emirates is currently not provided. However, there are other mechanisms for international exchange, including exchange upon request, as well as automatic exchange of financial account information. Therefore, in the absence of an automatic transfer of the land registry, it is not possible to receive information about a specific transaction by the tax authorities. There is no public ledger for rent - only the banks can receive the data if the payments were made through an account: taxation will see the receipts and ask for clarification.