List of documents for a tax deduction for an apartment. Property deduction when buying an apartment

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Before buying a home, many citizens study the list of documents for a tax deduction for an apartment. This allows you to prepare in advance for the process of registration thereof, which will greatly facilitate life. The thing is that in Russia, when acquiring residential real estate, people can return part of the funds spent on the transaction. The main thing is to know how to act in this or that case. The list of documents plays a huge role in the registration of the deduction. It, as well as the features of the request for a tax property refund, we have to study further. In fact, everything is simpler than it seems at first glance.

Definition

Property deduction - a refund for the purchase of housing. In other words, the citizen will be able to reimburse part of the expenses from the income tax paid.

Also, when requesting a property deduction, you can stop transferring income tax from your official earnings to the amount due in the form of a refund. It all depends on how exactly the person is claiming the deduction.

Types of property returns

How to apply for a tax deduction for an apartment? At the moment, you can deal with this problem in several ways. But first, you will have to find out under what circumstances a person will be able to claim a refund of funds spent on the purchase of an apartment or house.

It is worth paying attention to the fact that the property deduction can be different - basic and mortgage. In the first case, the funds will be returned from the costs of the direct purchase of housing, in the second - for the interest paid under the mortgage agreement.

Important: with a mortgage, a citizen will be able to issue both the main and property deductions.

When can I issue

A person can apply for a tax deduction for an apartment only under certain conditions. It is far from always that a citizen who has bought a house will have such a chance.

To be eligible for a property return, you must:

• be a Russian citizen;
• be officially employed and pay income tax on salary;
• make a deal to purchase real estate with your own funds and register the property for yourself.

Based on the foregoing, a pensioner or a non-working citizen of the Russian Federation will not be able to issue a deduction for housing. In fact this is not true. There is one exception.

For the unemployed and pensioners

The right to a tax deduction for an apartment for people without official employment who are on maternity leaveor retired, is retained for three years from the date of termination of payment of income tax on earned earnings. In this case, you can apply for a refund for housing within 36 months.

Under such circumstances, the so-called transfer of personal income tax will be carried out. That is, the tax authorities take into account taxes paid for past tax periods.

Entrepreneurs and deduction

The list of documents for a tax deduction for an apartment will vary depending on who and how draws it up. Can an entrepreneur claim a refund when buying a home?

Yes, but not always. To do this, the entrepreneur must work according to the OSNO. In this case, the income tax will be 13 percent. And only under this condition does the individual entrepreneur have the right to issue a deduction for housing.

Where to go

To claim an apartment deduction, you need to know where to go for help. In Russia, a similar service is provided by the tax authorities. This service deals with the consideration of applications for deductions, and also decides whether to grant them or not.

Instead of the Federal Tax Service, you can submit an application in the prescribed form to the multifunctional center. In this case, the application will be considered a little longer than with a direct appeal to the tax office.

For some time now in Russia it has become possible to make a deduction for housing through an employer. It is in this case that a citizen will be able not to pay personal income tax on the income received on the amount of the deduction for housing.

When Eligibility Arises - Application Time

I want to file a taxrent for an apartment? When to submit an application in the prescribed form to an authorized service?

By law, you can apply for a refund when purchasing a home at the end of the calendar year. The year in which the purchase of an apartment or house was made is implied. Until it comes to an end, it is not possible to apply for a deduction.

For what period to claim

The list of documents for a tax deduction for an apartment will be presented below. First you need to understand the features of the request for the corresponding service. There aren't many of them.

For what period can I claim money? Minimum - for a year, maximum - for three years. 36 months is the limitation period for the tax deduction. As soon as the relevant period expires, the citizen will no longer be able to issue a refund for the corresponding transaction.

Instruction - apply for the deduction to the Federal Tax Service

How to file a tax deduction for housing? It all depends on where exactly the person will turn for help. Let's start with the most common case - filing an application with the Federal Tax Service. The instructions below are also suitable for those who apply for a deduction at the MFC.

The design guide for this looks like this:

1. Prepare a package of documents required for further action. It changes from life circumstances.
2. Fill out the application form. It can be taken from the authorized body in advance.
3. Apply to the Federal Tax Service by registration or to the MFC with an application andpre-prepared certificates.
4. Wait for a response from the authorized body. A citizen under certain circumstances may be denied a deduction.

If the applicant received a positive response to the submitted request, it remains to wait until the money is credited to a pre-specified bank account. No cash deduction for accommodation.

Manual - Employer deduction

If desired, the taxpayer may apply for the studied service to his employer. This process is accompanied by less paperwork. The main thing is to know how to act under such circumstances.

Currently, in order to apply for a deduction when buying residential property through their employer, the taxpayer must:

1. Prepare certificates indicating the right to a deduction.
2. Create and fill out an application of the established form.
3. Apply with the appropriate request and pre-prepared documents to the employer.

There is nothing difficult in the described actions. If everything is done correctly, then from the first salary issued after applying to a subordinate with an application for a deduction, the termination of payment of income tax for a particular amount will begin.

How much will be returned

Studying the list of documents for a tax deduction for an apartment, a person must understand how much money will be returned to him under certain circumstances. By law, the deduction is 13 percent of the transaction amount, but there are also certainrestrictions.

For example, a person cannot claim more money than he paid in the form of income tax in a given tax period. Also, you cannot return amounts over:

• 260,000 rubles - for the main deduction;
• 390,000 rubles - for the mortgage deduction.

By remembering these restrictions, the taxpayer will be able to understand when he is en titled to a refund when purchasing a home, and when he is not. Based on the foregoing, the exact amount of the deduction depends on the value of the property.

Key Documents

If a citizen understands that he has the right to a refund of funds given for real estate, he must carefully study the list of documents for a tax deduction for an apartment. It will be impossible to cope with the task without pre-prepared certificates.

As already mentioned, the exact list of documents depends on who and under what circumstances applies for a refund. Let's start with basic information.

It is customary to refer to them:

• ID.
• Original declaration 3-NDFL.
• USRN statements.
• Checks and receipts confirming the taxpayer's expenses for the transaction.
• A pre-filled application of the established form.

You will also have to provide a certificate in the form of 2-personal income tax and a contract of sale or mortgage. You can't do without all this.

For mortgage deduction

What does it take to claim a housing deduction for mortgage interest? Will have to supplementpreviously specified package of documents:

• mortgage payment schedule;
• receipts confirming the transfer of money for a loan;
• bank statements of the established form.

You will have to prepare all the above certificates only in the form of originals. Their copies are of no value and have no legal value.

If there is a family

The list of documents for a tax deduction for an apartment, if the taxpayer has a family, as a rule, provides for a number of additional information. Without them, the provision of funds is denied. This decision will be considered completely legal.

At the moment, a person who has a family, when applying for a tax deduction, must prepare:

• certificate of marriage or its termination;
• certificates of birth or adoption of minor children.

It is also recommended to indicate in the application for the deduction how to distribute it between the spouses. Usually, the funds are credited to the account of one or another spouse. But if you wish, you can distribute the money between husband and wife.

Employer Help

If a person decides to apply for a housing deduction with their employer, it will be much easier for them to prepare for this process. The contract of sale for an apartment, as well as a passport and a petition, the taxpayer will still have to provide. The same also applies to receipts indicating the costs of the transaction.

Do I need to provide a certificate in the form of 2-personal income tax to my employer in this case? No. Income information is usually available to every employer. He will check the relevant information himself.

How many times can you demand

Some are wondering how often you can claim your home tax credit. It is difficult to answer such a question.

The thing is that a citizen can claim a deduction for housing an infinite number of times. More precisely, until the previously indicated limits on the returned funds are used up.

If more than three years have passed since the dismissal of a person, the citizen temporarily loses the right to deductions. It resumes after the start of payment of income tax in the amount of 13 percent of income.

Request review time

With the list of documents for the tax deduction for the apartment figured out. Now it is clear how it will be possible to get part of the funds given when buying real estate. But how quickly will a person be paid the due money?

In case of applying for a deduction to the Federal Tax Service or the MFC, you will have to wait about 4-5 months. Of these, the application is considered up to 2.5 months. Approximately the same amount is spent on the transfer of money by the bank to the applicant.

If the taxpayer applies for the deduction to the employer, you need to wait until the first salary issued after submitting the application of the established form.

If refused

As already mentioned, the applicant may be denied a housing deduction. Further actions directly depend on the reason for the refusal to provide funds.

If a person did not bringa complete package of documents or provided invalid certificates, it is possible to convey the missing "papers" within one month. There is no need to reapply.

Sometimes you just have to accept being denied a deduction. This usually happens when a citizen does not generally have the right to implement the task. For example, when the established limit of refunds is exhausted or income tax is not paid for a long time.

Conclusion

We figured out how to correctly issue a deduction for housing. In fact, with the right preparation, achieving the desired result is not difficult. If a person requests a return for a year, he will have to bring a certificate of income for the last year to the authorized body.

If a potential applicant is having difficulty making a housing deduction, they can seek help from private intermediary companies. For a fee, such organizations prepare deduction documents, fill out declarations and submit applications of the established form to the authorized bodies. True, in practice, such a scenario does not occur very often.