Taxation of the residential mortgage subjects: challenges and solutions

The article deals with the subjects of residential mortgage: mortgagor, credit bank, seller, government, competent public bodies, insurance and valuation companies and real estate agents. Heart of the matter of all the subjects is described in details and the subjects’ connection is investigated. There are studied the articles regulating the activity of each of the subjects through the lens of the Russian Tax Code. The work touches upon the tax assessment issues and includes possible solutions. Relevance of the article lies in the fact that mortgage credit takes a great part in the owner-occupied dwelling accommodation. Taxation is an integral part of the residential mortgage. Legal activity of all the mortgage subjects provides timely tax revenue to the nation’s budget.