Documents for property deduction: general information, required forms and forms

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

In Russia, citizens have the right to apply for a variety of tax deductions. Subject to certain conditions, a person will be able to reimburse part of the expenses incurred for certain transactions on account of personal income tax. This is very beneficial. Next, we will try to study the documents for the property deduction. In addition, we will get acquainted with the procedure for obtaining the corresponding return and with general data on operations.

Description

First of all, it is worth finding out what a property deduction is. What is it for? And in what sizes?

Property deduction - the return of part of the money for the purchase of real estate on account of the income tax paid. By purchasing housing or land, a citizen can get back a certain amount for the operation.

At the same time, property deductions are due for:

• buying real estate immediately;
• mortgage;
• mortgage interest.

Documents for property deduction will change depending on the situation. A little later, we will get acquainted with the possible variations of the documentation for reimbursement.expenses incurred.

Deduction Conditions

Unfortunately, Russia has quite a few rules that apply to tax-type deductions. Not always a person will be able to exercise his right to a refund from personal income tax.

Here are the conditions that must be met when requesting a refund for property:

1. Property is acquired in the name of the applicant. In the case of shared ownership, all co-owners of the property claim a refund.
2. Money spent on the transaction must be the property of the applicant.
3. A real estate purchase agreement is drawn up for the one who will claim the deduction.
4. Applicant must be at least 18 years of age. With emancipation, a refund for the purchase of real estate is possible from the age of 16.
5. A citizen must have a permanent job and pay personal income tax to the state treasury.
6. You can not return more money than was paid to the state treasury in the form of income tax.
7. The amount of personal income tax is necessarily 13%. A rate higher or lower than the stated percentages will forfeit the right to the deduction.
8. Refunds are allowed for the last 3 years. This means that claims are aged 36 months minus the deduction.

That's it. Now you can find out which documents for a tax deduction will be useful in a particular case. But first, let's figure out exactly how much you can get back for transactions.

Refund amount

Documents for a property deduction when buying an apartment must be collected in advance. Only this will get rid ofpossible problems in the future.

How much can you get back for real estate transactions? The property deduction provides for payments up to:

• 260,000 rubles - if a citizen buys real estate without a mortgage;
• 390,000 rubles - for a mortgage.

At the same time, it is worth remembering that a person can return a maximum of 13% of the transaction amount, taking into account the specified limits. They are provided for life. As soon as the applicant spends a total of 260 thousand rubles and 390 thousand rubles of property type deduction, respectively, he will no longer be able to claim reimbursement of the expenses incurred.

Moreover, you can not demand more money than a person transferred in the form of personal income tax in a given period. For example, if in 2013-2016 a citizen paid 200,000 rubles in the form of "income", then this is the amount he can return for buying an apartment in 2013.

Main papers

It is better to prepare documents for property deduction in advance. Their package will change depending on the circumstances. Therefore, we will further consider possible layouts.

It is mandatory to prepare for the return of money for the purchase of real estate

• applicant's ID;
• income certificates;
• tax declaration Form 3-NDFL;
• application for deduction;
• title documents for property (USRN extract);
• details of the account to which the money will be transferred;
• receipts confirminghuman expenses.

But this is only the beginning. Further statements will change. What documents are needed for a property deduction?

For families

If we are talking about a single person, then the above references will be enough. Only when submitting an application, you need to attach a contract for the sale of real estate to the corresponding list of papers.

And what if a family man claims a refund? Under such circumstances, the applicant may be required to:

• marriage agreement;
• birth certificates for all children;
• marriage certificate;
• Spouse's refusal of the deduction in favor of the applicant (optional).

If there are adopted children in the family, it is the duty of a citizen when applying for a property deduction to prove the relevant fact. That is, you will have to prepare adoption certificates.

Important: if the spouse also claims a deduction, you will need to attach certificates of his income.

Mortgage

What documents are needed for a property deduction in Russia when it comes to mortgages? Loans for housing are provided in the Russian Federation more and more often. And this operation does not impose a taboo on processing the return of money paid for real estate.

If the applicant took an apartment or land on a mortgage, he needs to prepare:

• loan approval from the bank;
• schedule of upcoming payments;
• mortgage agreements.

All receipts of produced by a citizenpayments are also attached to the corresponding application.

Important: if a family person applies for the deduction, you will additionally need to generate a package of certificates from the previous list.

Mortgage interest

Documents for obtaining a property deduction are varied. It is this moment that gives citizens a lot of trouble and problems.

If desired, a person can reclaim the interest paid on the mortgage. This is a fairly common scenario.

In order to achieve the desired result, the applicant needs to supplement the previously specified package of certificates with statements of interest on the loan and proof of repayment of the corresponding debt. That will be enough.

It is recommended to provide all the previously listed extracts in combination "original + copy". Then there will be no significant questions from the Federal Tax Service.

About the statement

Are you planning to receive a property deduction? Tax citizens must bring documents in full. Otherwise, applicants will be denied a refund.

Where can I get an application form? And how to fill it?

It is best to take application forms from the registration authorities - the MFC, the Federal Tax Service. They will give you forms that you need to fill out correctly. This is done in a couple of minutes - hints-signatures and writing samples will quickly tell you how to be.

In the application for a tax deduction indicate:

• F. Name of applicant;
• passport details of the recipientmoney;
• Bank account details to which funds will be transferred;
• information about the acquired property;
• list of documents for property deduction attached to the application;
• approximate refund amount (desirable);
• request for a tax-type deduction.

As practice shows, there should be no problems. Filling out an application for a deduction will not be difficult.

How to apply for a deduction

Are you planning to file a tax deduction? What documents are useful for this idea, we found out. What is the procedure for receiving funds for the corresponding request?

You need to follow this algorithm of actions:

1. Create a package of statements for a refund. We have already met with possible variations of documents.
2. Fill out an application for a deduction.
3. Submit an application with prepared certificates to the Federal Tax Service at registration or to a local multifunctional center.
4. Waiting for a response from the tax office.

After that, it remains only to wait. If the Federal Tax Service has allowed a refund, you should expect the funds to be credited to the account specified in the application. This is not a very fast operation, you will have to be patient.

Service times

We got acquainted with the property deduction. Personal income tax and documents for a refund are extremely important components of the entire procedure. If a person does not pay income tax, he will not be able to claim money from the Federal Tax Service. And the absence of the above references makesrequest procedure is impossible.

Issuing any type of deduction is a very long process. The application is considered for about one and a half to two months. The same amount of time must be expected to transfer money to the applicant's bank account.

From this it follows that, on average, it takes 3-4 months to return expenses for property, sometimes up to six months.

If the applicant is denied, he has a month to correct the situation without re-submitting the deduction request. For example, a person can bring the missing papers.

State assistance and return

It is worth paying attention to one more important point. We found out what documents for property deduction citizens should prepare in a particular case. And we also got acquainted with the basic conditions for submitting applications.

Some families buy housing with government support. For example, by investing maternity capital in a transaction. Where will it come to?

Ideally, it's best not to claim a deduction for property bought with government assistance. This will save you a lot of problems and hassle.

If a person submitted a request of the established form to the Federal Tax Service, and the employees considered the application to be valid, the amount of the deduction will be calculated without taking into account the amount invested in the form of state aid. That is, the cost of housing will, as it were, be reduced by the size of the invested public funds. Are you planning a property tax deduction? What documents will be useful for this operation? From now on, the answer will no longer make you think.