Few people know that by purchasing housing, you can partially return its value. In accordance with Russian law, the buyer of a residential property has the right to a once-in-a-lifetime refund of 13% of the cost of an apartment or house. This amount is the income tax paid.
Instructions
Step 1
It must be remembered that you can return no more than 260 thousand rubles, i.e. 13% of 2 million rubles. If you buy a home under a mortgage program, you can apply for a tax refund on the amount of interest paid. At the same time, there are no restrictions on interest rate benefits. To get them, you must annually submit to the tax office a certificate of interest paid, issued by the bank, and a copy of the loan repayment receipt.
Step 2
In order to receive money when buying an apartment, you must write an application to the tax office at the place of residence after the year in which the housing was purchased, and attach the following documents to it:
- certificate of state registration of ownership of the apartment;
- real estate purchase and sale agreement;
- payment documents confirming the receipt of money by the seller of real estate;
- a certificate from the place of work in the form 2-NDFL about the amount of tax paid;
- declaration in the form of 3-NDFL.
Step 3
After you have provided all the documents, the tax office will check their authenticity and within 3 months will send you a tax refund notification. But at the same time, you should know that only the tax paid for the reporting period will be returned to you. It will be returned until you have received the entire amount due.
Step 4
There are two ways to get money back from home purchases. In the first case, you will refund your income tax in full at the end of the calendar year. In the second, you need to provide the employer with a certificate from the tax office stating that you are entitled to a tax deduction. Then you will receive the tax payable on a monthly basis, i.e. in fact, he will not be deducted from his wages.
Step 5
Remember that when buying a home in shared ownership, the property deduction is distributed among all its owners in accordance with their shares. When concluding a sales contract between close relatives or between an employer and an employee, a tax deduction is not provided.
