Currently, the cost of housing is such that few people can afford it without getting into huge long-term debts. In this regard, it is worth knowing ways to reduce your expenses, one of which is VAT refund when buying an apartment.
Instructions
Step 1
Calculate the tax base from which the value added tax was withheld. The state can carry out a tax refund in the amount of 13% of the amount of the deduction paid in taxes. When calculating, take into account the deduction limit that is established by law. Only VAT paid at a rate of 13% is subject to refund. It is worth noting that the maximum tax deduction for buying an apartment is 2 million rubles minus interest on the loan. Further, VAT refunds can take place in two ways.
Step 2
At the end of the year in which you want to return VAT, file a 3-NDFL tax return with the tax office at your place of residence. Write a claim for deduction and fill out the documents provided by the inspector. After your documents have been checked by the tax office and approved, the amount of the refunded VAT will be credited to your current account.
Step 3
Provide the employer with a statement of the desire to return VAT after purchasing an apartment. Submit an application to the tax office to receive a notification and documents confirming the right to a VAT refund. Pass the notice to the employer. The employer is then required to pay you income, without withholding taxes, until the end of the current calendar month. Thus, if you give the head of the company a notification at the end of the month, you will receive deductions only in the remaining months. While when registering a VAT refund through the tax office, you can return tax immediately for the entire year.
Step 4
Write a written statement on the distribution of VAT refunds in case the apartment is jointly owned by several owners. In this case, VAT refunds can occur both in favor of one of the owners and in certain shares between all the owners.
