Property tax deductions are a highly demanded and popular topic at all times. This issue has become especially acute in the current situation of the economic and financial crisis in the country, when housing construction has become much more complicated and has become unbearable for the majority of residents of the Russian Federation.
Instructions
Step 1
The tax deduction for construction can be received by taxpayers who have incurred waste (expenses) for this construction, as well as other expenses (actual) that are aimed at paying off interest on loans received for this construction in the territory of the Russian Federation.
Step 2
To receive a tax deduction for construction, submit to the tax office of your district (at the place of residence) a document proving your identity (passport of a citizen of the Russian Federation); an application for the provision of property tax deduction in writing. You have the right to submit such an application within 3 years after the end of the year in which the construction costs were incurred.
Step 3
Complete your personal income tax return for the past year. You can get a declaration form for filling out at any tax office;
Step 4
Take a certificate of your income (form 2-NDFL) from your place of work / service. The certificate is issued by the organization, as a result of relations with which the income was obtained;
Step 5
Make copies of documents that confirm ownership of the construction (construction contract), as well as the fact that you paid money for the expenses incurred (bank statements, cash receipts, receipts for receipts, acts on the purchase of materials, etc..).
Step 6
You should be aware that in the event that the property tax deduction cannot be fully used in the tax period, it (its remainder) can be carried over to the next tax periods until it is fully used.
