How to return 13 percent of the purchase of an apartment? Tax deduction when buying an apartment

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

Now we will try to figure out how to return 13 percent of the purchase of an apartment. This opportunity attracts many homeowners. After all, 13% of the amount spent is a very good compensation. It turns out that in Russia you can not only give to the state, but also receive something in return. There are options both for a regular transaction and for a mortgage. But in any case, you need documents. How to return 13 percent of the purchase of an apartment? What is required for this? What to prepare yourself for?

Not for everyone

It is worth noting right away that this opportunity does not apply to all citizens. Many, but not absolutely the entire population. Deductions for an apartment (they are called property deductions) can be received by every taxpayer with income. That is, the one who pays income tax. Under this concept, it is customary to understand, as a rule, an officially employed citizen.

But those who do not have any declared income, do not have the right to receive deductions. Moreover, a large purchase in the form of real estate will attract the attention of the tax authorities. And this is notalways good.

Pensioners also have the right to return 13 percent for the apartment. Only for them the list of everything necessary for the operation is somewhat expanded. But that's not a problem.

Terms of circulation

In what period of time is it advised to deal with this issue? According to modern laws, you can ask for a deduction for an apartment within 3 years from the date of the transaction, but no later. Only such norms are established by tax laws in Russia.

But in practice things are somewhat different. Is it possible to return 13 percent for a real estate transaction? Easy! Just get on with the task as soon as possible. Experts and citizens recommend meeting by the end of the tax reporting period. After all, it takes some time to consider your case, as well as to transfer funds.

How long will it take to decide whether to grant or deny a request? Approximately 1.5-2 months. And in addition, you need about 60 more days to transfer the deduction. The result - everything, if you do not take into account the preparation of documents, takes about 4 months. So, if you are thinking about how you can return personal income tax from buying an apartment, you should start solving this problem as soon as possible.

Identification

Of course, the first and most important document that will come in handy in our case is an identity card. In general, anyone will do, but the tax authorities assure that you must present your passport without fail. More precisely, its usual copy. All pages must be photocopied and attached to the mainlist of documents. Without an identity card, it will not be possible to answer how to return 13 percent of the purchase of an apartment. You will simply be denied in this case. A citizen's passport, perhaps, is what is required for any transactions and operations in Russia.

According to the application

Pay attention to another very interesting fact - the statement. It must be drawn up and submitted to the tax authorities without fail. You could say it's free. According to modern laws, it is possible to return VAT from the purchase of an apartment (13% deduction) only if there is a request from the buyer.

Without fail, it contains information about the former owner of the home, as well as your data, information about the apartment and its value. Do not forget to attach the details of the account to which you want to make a refund. If this is not done, then you will have to report the missing papers, or, as often happens, you will be denied a deduction - you will have to submit an application with documents to the tax office from the very beginning.

Reporting

What's next? How to return 13 percent of the purchase of an apartment? The so-called tax declaration must be submitted to the tax authorities without fail. It is called 3-NDFL. You must have only its original, no copies.

What is this report? Information about your income. If you work for yourself, you will have to draw up a declaration yourself. Otherwise, you can contact your employer for help. But in practice, just 3-personal income tax is filled in by eachtaxpayer himself. In fact, it is not as difficult as it might seem at first glance.

Income

Regardless of what form of housing acquisition took place (mortgage or simple purchase and sale), you need to somehow confirm your income. Here you will have to present a certificate of Form 2-NDFL. As in the previous case, only original paper is needed.

If you work for yourself, you will have to fill out this certificate yourself. Is there an official employer? Then contact the accounting department of your company, where they will give you 2-personal income tax. There are no problems with this document, in principle. Unless the production of a certificate may take some time in some cases.

About the deal

The complete list of everything you need to return the money spent is almost over. In fact, one should not forget about the most important thing - information about the concluded deal. Without some documents, you will not be able to receive a deduction for the purchase of an apartment.

So what can be useful? First of all, it is a contract of sale. It is advisable to sign an additional original copy for the deduction. Otherwise, a certified copy will suffice.

Next, you will need a certificate of ownership of the apartment. Without it, there is no point in applying for a deduction. So, you will have to wait a while until you receive this document. An ordinary copy of the certificate, not certified, will do. Although, as practice shows, citizens most oftenare reinsured and produce assurance.

Receipts of payment, receipts of receipt of funds by the former owner - all this must also be attached to the declaration and application. You can make copies. The main thing is to make sure that your initials are in all documents. If you bought an apartment for someone else, it is almost impossible to prove your rights to the deduction in Russia. All details must indicate that you are the buyer.

Mortgage

Mortgages are quite common these days. How to return 13 percent in this case for the purchase? It's not too difficult to do this. After all, you just have to supplement the above list with some documents. There are only two of them.

The first is a mortgage agreement. As in the case of the sale, either the original or a certified copy is sufficient. Without this document, the deduction will not be returned.

Second - a receipt for payment of interest on the mortgage. For debts, a refund of 13% will be denied until the moment of repayment. Take note of this feature. No one makes deductions to debtors. Basically, that's all. No more documents are required from you.

Other

Although there are exceptions. How to return 13 percent of the purchase of an apartment? In some cases, the following documents may be requested from you, but they are not mandatory (it is advisable to prepare and present them in advance):

• TIN;
• marriage/divorce certificate;
• children's birth certificates;
• pension certificate;
• SNILS;
• military ID.

With all of the above documents, you can contact the tax authorities at your place of residence. You can apply for a deduction. If you prepare properly, there will be no problems and no failures.