Personal income tax return for an apartment: procedure, necessary documents and calculation of the amount of tax deduction

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

In Russia, citizens have a variety of benefits, as well as rights and measures of state support. For example, you can get reimbursed for some of the costs for certain transactions and services. Today we will be interested in the return of personal income tax for an apartment. When is it possible? What does that require? And how long to wait for the appropriate funds? All these questions will be answered below. With proper pre-preparation, no difficulties will arise.

Definition

What is a personal income tax refund for an apartment? Before demanding something from the state, it is important to realize what exactly a citizen can count on. Otherwise, unjustified expectations are not ruled out.

Income tax refund is called a tax deduction. It allows you not to pay personal income tax or to reimburse yourself for part of the costs incurred for certain services and transactions. In our case, we are talking about the acquisition of real estate, in particular, housing.

For what you can claim a tax refund

NDFL when buying an apartment you can get backfar from always. Conversely, in some cases, people can count on two property deductions at once.

When purchasing a home, citizens usually face:

• basic property deduction;
• mortgage return.

Accordingly, if a person takes an apartment on a mortgage, he has the right to two refunds at once. In the case of buying a home without a loan, the applicant will be offered only the main personal income tax deduction.

Amount of refunds

What exactly is the amount you can count on in this or that case? Unfortunately, it is problematic to give a definite answer to this question.

The point is that the amount of tax-type deductions is 13 percent of the amounts prescribed in the relevant agreements. But there are certain limitations. Once they are reached, the right to claim a tax refund will be lost.

Today, you can return for the purchase of housing:

• 260,000 rubles - in the form of the main property deduction;
• 390,000 rubles - for mortgage interest.

There is nothing difficult to remember in the figures presented. As soon as the indicated amounts are returned, a person will no longer be able to issue a refund for the purchase of housing.

Calculation of funds is quite simple. You can fill out an application for a deduction only for the amount of personal income tax paid in a particular tax period. As a result, by submitting documents for several years in a row, you can collect the required amount of money.

Conditions for registration

The return of personal income tax when buying an apartment on a mortgage is not much different from the registration of the main property deduction. These two operations are subject to the same conditions for their recovery in the authorized bodies.

Not everyone who buys a home is en titled to income tax refunds for the relevant transaction. To do this, you will have to make sure that the established requirements for applying for a tax type deduction are met.

These include:

• the applicant has the citizenship of the Russian Federation;
• the transaction for which they want to demand money was made on behalf of a potential applicant and for his money;
• the citizen has an official place of employment;
• a person claiming an income tax refund has an income subject to personal income tax at a rate of 13%;
• the applicant has a residence permit in the Russian Federation;
• property for which you want to return the money, issued to a potential applicant.

From this it follows that the unemployed, as well as those who work unofficially or are recognized as pensioners, cannot claim a tax deduction. But that's not entirely true.

For pensioners and the unemployed

An example of a personal income tax return for an apartment will be presented later. First you need to familiarize yourself with all the features and nuances of filing applications with the authorized bodies. Otherwise, a person may simply be denied the corresponding service.

Retirees and the unemployed can also apply for a property tax deductionwhen purchasing residential property. They are en titled to the so-called personal income tax transfer.

In this case, when calculating the amounts returned for a real estate transaction, taxes that have been paid for the last three years will be taken into account. The countdown starts from the moment the applicant applies to the Federal Tax Service for the deduction.

This means that the right to reimbursement of expenses for real estate on account of income tax from a pensioner or simply a non-working citizen is abolished 36 months after the official dismissal. It resumes immediately after the appearance of a new legal income, subject to 13% personal income tax.

Entrepreneurship and returns

How to fill out 3-personal income tax upon tax refund? Buying an apartment is a transaction that entails significant costs. And reimbursement of even thirteen percent of the corresponding expenses is an excellent state bonus. Can entrepreneurs use it?

Yes, but not always. Usually individual entrepreneurs work with special taxation regimes. And the right to a personal income tax refund for the purchase of housing from an entrepreneur will appear only upon payment of 13 percent of the income received in the form of income tax. This is possible only on OSNO.

It follows that under special regimes, an entrepreneur will not be able to claim a tax deduction. And not just for housing. If you work on the general taxation system, there will be no refusal from the tax office.

Where to apply

Return of personal income tax when buying an apartment on a mortgage or without a loan is a long and laborious process. Trainingit takes a lot of time and effort.

Where to file a tax deduction? Ideally, you need to contact the tax office at the place of residence of a citizen. But you can submit an application in the prescribed form at the MFC or the one-stop shop.

Recently, personal income tax refund has become possible in the Russian Federation through the employer. This approach is not in demand. The thing is that when it is implemented, a person does not immediately receive a certain amount of deduction in his hands. His salary will simply be exempted from personal income tax for the corresponding amount of money. This option does not suit everyone.

Time to apply

An application for a refund of personal income tax when buying an apartment must be submitted within a certain time frame. Otherwise, you may face a refusal to provide the corresponding service.

The statute of limitations for income tax refunds is currently only three years. During this time, you can apply for a refund of personal income tax for the purchase of housing or for other reasons.

Moreover, you can claim funds for all 36 previous months at once. This technique is often used when buying a home on a mortgage or in the case of personal income tax for educational services.

Multiplicity of requirements

Examples of personal income tax returns when buying an apartment are discussed below. They vividly demonstrate how much money and how can be returned for a real estate transaction.

How often can I contact the authorized services with the relevant statements? Infinite set. Until thoseuntil the previously specified limits on property deductions are exhausted. The main thing is to prepare the 3-personal income tax form. Refund for an apartment in the absence of such a document is not possible.

In practice, people usually apply to the Federal Tax Service for refunds for several years in a row. But this does not mean that you will not be able to apply for a tax refund more times.

Quick guide - go to the Federal Tax Service

How to apply for a housing deduction? It all depends on the specific situation. Suppose that a person personally applies to an authorized body (MFC or FTS) for a service.

Then he needs to do the following:

1. Prepare a certain package of documents for consideration of an application for a deduction. Its components vary depending on the specific case.
2. Fill out the 3-personal income tax form. You cannot claim a refund for buying an apartment without a tax return.
3. Fill out the application of the established form for personal income tax refund.
4. Submit an application with pre-prepared documents to the Federal Tax Service or the MFC at the place of registration of the applicant.
5. Waiting for a response from the tax authority regarding the provision of income tax refund services.
6. Wait for the transfer of money to the account specified in the application.

Sounds like there's nothing difficult about the operation. In fact, preparing for the issuance of a personal income tax return for an apartment causes a lot of trouble. This is especially true for the formation of a package of documents for the implementation of the task.

Main Ingredients

How to make a purchase happenapartments, and a tax refund? 3-NDFL is the form that should be filled out without fail in this case. You can't do without tax returns. And what other documents will be useful for the implementation of the task?

Actually, there aren't many of them. A person will need the following documents to return personal income tax when buying an apartment:

• applicant's passport;
• application of the prescribed form;
• contract of sale or mortgage;
• extract from the USRN for housing;
• receipts confirming the fact of payment of funds for the transaction;
• income certificates.

Without all this, the buyer of real estate can not cope. As already mentioned, you will have to come to the Federal Tax Service to fill out 3-personal income tax. Refunds for the apartment in the absence of such a declaration will not be possible. It will simply be denied.

For mortgage

So, the refund of income tax in Russia is a responsible process that requires great attention and advance preparation.

We have considered the main documents for the return of personal income tax when buying an apartment. In addition, most often it is necessary to provide an additional package of references. For example, when making a property deduction for a mortgage, you need to take it to the authorized body:

• schedule for payment of interest on a property loan;
• Checks and receipts evidencing the transfer of funds for a mortgage;
• bank statements.

As practice shows, the execution of a mortgage return is not too different from the requirementordinary property deduction. You can immediately apply for both types of personal income tax refunds.

If there is a family

People with families will have to deal with more paperwork. They need to prepare an additional list of documents.

Usually these are:

• marriage certificate;
• certificate of termination of marriage;
• birth certificates for all minor children;
• adoption certificates;
• prenuptial agreement (if any).

In addition, you can bring to the authorized bodies documents indicating the use of personal funds during the transaction. Then only the spouse whose money was used to buy a home will have the right to a property return. Otherwise, both the wife and the husband have the corresponding powers.

Through employer

As already mentioned, the return of personal income tax for an apartment can be done through the employer. This is not the most popular service, but it still exists.

To take advantage of this offer, it is recommended to follow the following algorithm of actions:

1. To carry out the formation of a package of documents for registration of a tax deduction. We have already familiarized ourselves with its possible components.
2. Fill out the application form.
3. Submit a request to the employer.

After that, if all the documents are filled out correctly, and also provided to the employer in full, you can wait for the release of wages fromincome tax.

Important: it is recommended to use this method with trusted employers.

Request review time

Are you planning to issue a refund for the purchase of an apartment? 3-NDFL - the document that should be filled out on your own or contact a commercial company that provides services of this kind. Such a tax return of the established form is submitted to the Federal Tax Service in one copy.

How fast is the processing of tax-type deductions? This is not the fastest operation. It takes about 1.5-2 months to consider an application in the established form. The same amount of time will pass before the transfer of money to the recipient's bank account.

In the case of applying for a housing deduction through the employer, the process will take much less time - only one month. But this technique is not very common in practice.

Can they refuse

Is a return to the apartment issued? 3-NDFL is filled out and attached to the relevant package of documents? Then, most likely, the request will be granted. But can they refuse a tax deduction?

Yes, but only if there is a good reason. Such a decision must be justified in writing by the tax authorities.

The property deduction may be denied if:

• incomplete or invalid package of documents presented;
• no or incorrect tax return;
• transaction made on behalf of another person;
• the statute of limitations has passed;
• citizen does not matchthe established criteria under which the right to issue a deduction appears;
• set limits on refunds for property have been exhausted.

What to do if a person is denied a tax deduction? It all depends on the specific situation in life. Often, within a month, you can correct the reason for the refusal and re-apply to the Federal Tax Service for a deduction. In this case, you will not have to apply for a personal income tax refund again.

About filling out the declaration

If you plan to issue a refund for the purchase of an apartment, 3-personal income tax, as emphasized earlier, must be filled out without fail. This is a form of income reporting. A form of the established form can be requested from the Federal Tax Service or the MFC.

To fill out the corresponding document, it is better to use specialized programs. They help to quickly generate tax reporting in the form of 3-personal income tax when returning tax on an apartment and not only.

Usually, in order to successfully complete the corresponding document, you must specify:

• TIN information and passport information;
• information from the 2-personal income tax certificate, as well as other personal income;
• data from payment documents for housing.

In addition, it is necessary to study the proposed code designations. Depending on them, the purpose of the tax return will change. There is nothing difficult in this.

Sample declaration

We found out how a tax refund is processed when buying an apartment. 3-personal income tax also learned to fill.

You can see abovesample tax return and its completion. If problems arise during the creation of the relevant document, you can, as indicated above, contact specialized private companies. For a fee, they will help you arrange a tax deduction, as well as generate reports in the form of 3-personal income tax.

After the response from the Federal Tax Service

But what if the citizen has already received a response from the tax authorities regarding the provision of a tax deduction? We need to see what the Federal Tax Service has decided.

If the service is denied, you will have to investigate the reason for the decision. If you can fix it, you should hurry. The citizen will have only 30 days to correct the situation. Otherwise, you will have to fill out the application from the very beginning. And contact the Federal Tax Service too.

If your tax deduction request is approved, nothing needs to be done. Just be patient and wait. After a few months, the due amount of the deduction will be transferred to the bank account indicated in the application.

Important: personal income tax refund for the apartment is not issued in cash.

Conclusion

How to fill out 3-personal income tax for buying an apartment? The answer to this question will no longer make you think for a long time. We have seen an example of data entry into tax reporting.

From now on, it is clear when and under what conditions it is possible to issue a refund for the purchase of real estate. This, with proper and timely preparation, will not be the most difficult operation. It is only recommended to start by filling out the 3-NDFL declaration. The return for the apartment after the creation of tax reporting will be carried out significantlyfaster and without serious difficulties.

If a person does not have the time or desire to independently apply to the authorities for a refund of income tax, he can resort to the help of private intermediary companies. Such organizations help to direct requests to various services and bodies for certain services. VAT refunds are no exception. True, this scenario occurs as an exception. Assistance with deductions is usually a costly service. And it is often simply abandoned.

It is important to note that only adult citizens can apply for personal income tax refund.