The 3-NDFL declaration must be submitted to the IFTS by individual entrepreneurs on a common system, as well as citizens who received income in the past year without withholding income tax. For example, from renting out an apartment, from the sale of any type of property, if it has been owned for no more than three years. When declaring income for the past year, 3-NDFL is submitted no later than April 30. Also, the submission of a declaration is advisable to obtain a social or property deduction. In this case, the tax can be refunded within three years from the date of payment for tuition, treatment, and purchase of property.
Let us consider in more detail the options for registering a property deduction, which is provided when buying (building) real estate or other property. The taxpayer chooses the method of obtaining this benefit on his own. There are two possibilities.
At the place of work
In this case, the employer simply will not withhold personal income tax from the employee's salary. Filling in the 3-NDFL declaration, when choosing this method of receipt, is not required. But it is necessary to take a notice from the Federal Tax Service Inspectorate, it is on its basis that the employer's accounting department will not withhold income tax. It is enough to submit documents related to the purchase of real estate to the inspection once. The Inspectorate of the Federal Tax Service is obliged to issue a notification within 30 days from the date of delivery of the documents on ownership and the corresponding application. The employer stops withholding personal income tax from the month in which the employee brought the notification.
The disadvantage of this method is the need to receive an annual notification from the inspection and the absence of the right to a property deduction under civil contracts.
Through the tax office
In this case, you will need to submit a 3-NDFL declaration for the past year. Based on the results of the audit, which takes up to three months, the tax amount will be transferred to the taxpayer's bank account in accordance with the 2-NDFL certificate received from the place of work. One more month is allotted for the transfer of the due amount. The remainder of the property deduction is carried over to the next year and the declaration will need to be completed again.
The advantage of this method is associated with the ability to declare all income that the taxpayer received in the past year. A plus will be the fact that the tax paid is returned in a single amount for the entire year, regardless of the month in which the citizen became the owner.
