Hello, friends!
Improved their living conditions or bought a land plot? Do you know that you can get a return tax from the state when buying an apartment in a mortgage or cash? And the compensation of the part of the paid interest is available. Maximum up to 650 thousand rubles. Real money for your current account (260 thousand from the cost of housing and 390 thousand from percent of the mortgage). Such attractive numbers can not be ignored. Consider what you need to do.
Property deduction is a decrease in the tax base for calculating income tax on the amounts that the tax payer spent on the purchase of housing, land under the house or a plot intended for its construction.
A person who lives in the territory of the Russian Federation for more than six months, officially works and pays income tax (NDFL), called the resident. Any resident can count on a tax deduction if he spent its own or borrowed funds to improve its housing conditions, in the amount of 13 percent of the actual purchase, construction and even finishing work.
Consider an example of calculation. You bought a one-room apartment worth 1.5 million rubles. Part of the amount of 500 thousand rubles. You paid for your own funds, and a mortgage loan in the bank was taken to the remaining amount. You can return 13% from the state from 1.5 million rubles: 1,500,000 x 13% \u003d 195 000 rubles.
In addition, with the amount of interest paid by the Bank you can also get 13%. How to return interest on mortgage, we have previously understood in the past review. The link to it will be lower.
What the conditions for the return must be observed:
- The amount of actual expenditures not higher than 2 million rubles. For example, from an apartment worth 2.5 million rubles. Return will be: 2 000 000 x 13% \u003d 260 000 rubles.
- Previously, the borrower did not receive property deduction.
If you have already taken advantage of the right to return, but did not reach the utmost amount (for example, I bought an apartment for 1.5 million rubles), then you have the opportunity to decide 13% from 500 thousand rubles for the next purchase.
- When buying housing and land, the right to deduction occurs after the state registration of the object in the property, with shared construction, the base is served by a transmission act.
The actual expenses for the construction of the house include:
- project development and compilation of estimates;
- the cost of materials for construction and finishing;
- completion of the object of unfinished construction;
- connecting to engineering communications, the creation of alternative energy sources.
In the actual cost of buying an apartment or room in a new building you can include:
- costs for finishing materials
- payment of services for building brigades
- development of a project for finishing and drafting work rate.
Please note that the contract must necessarily be written that you acquire an object-improved object. Only in this case, the costs of finishing and completion will be reimbursed.
Step-by-step instructions for obtaining property deduction
How to return the money that you spent on the purchase or construction of housing? First, not all the money, but only their part. Secondly, it can be done:
- through the tax inspectorate;
- through his employer, which actually lists the income tax in the budget.
What are the difference between these methods? In the fact that in the first case you will receive the amount of compensation once a year. In the second case, you will receive monthly. I give step-by-step instructions for returning the income tax for both ways.
Through the tax authority
Step 1. Drawing up revenue declaration. It is often referred to as the form of 3 ndfl and are submitted to the tax inspectorate. This can be done at any time during the year following the reporting period. For example, you bought an apartment on August 20, 2018, starting in 2019, choose free time and place documents for deduction.
How to fill 3 ndfl? On the FTS website in the "Software" section at the bottom of the site there is a Declaration program. Download and install it on your computer. It checks the correctness of the making of the data and forms an electronic document, which can then be sent to the tax.
Someone is more familiar to fill in the documents manually. In this case, it is best to do this directly in the tax inspection, where you will always tell me how to do it.
Most of my acquaintances fill in the online declaration. I prefer to do it in the inspection. There are samples for which I am oriented. The main thing, do not try to get to the tax authorities until May this year. You can be in a crowd of those who want to submit their declarations about the income of entrepreneurs, notaries and other taxpayers. I remind you that the documents for property deduction are taken throughout the year.
Step 2. Formation of a set of documents. I already gave a list of necessary documents when I disassembled the topic. We will not repeat.
Step 3. Providing documents to the tax authority. There will be necessary to write an application for refund, as well as separately specify the number of the current account in the bank where the reimburses will be listed.
Step 4. Replenishing your current account approximately 3 to 4 months per sum of deduction.
If in one year you could not refund your 13% with the purchase of an apartment, houses or land, then do it for several years. Purchasing the above procedure will have to next year and so on to full compensation.
Through the employer
- Obtaining a special notice in the tax inspection after the provision of a set of documents.
- Submitting an application for the employer.
- Monthly payroll increased by income tax. This increase is the amount of property deduction for housing.
Answers to the most popular questions
- How many times can you submit documents for deduction?
Until you exhaust the limit imposed by the state to reimburse expenses.
- Is it possible to return funds if you bought an apartment a few years ago?
Yes, you can. The limitation period is not set.
- When can you return money to temporarily non-working citizens?
Indeed, there are situations that the borrower turns out to be without work. For example, a woman went to maternity leave, the borrower fell under the cut or quit. Nothing wrong. The compensation procedure is temporarily suspended until the taxpayer's output for official work. And it does not matter what this happens in a couple of years.
- Are other income taken into account when making a tax deduction?
Yes of course. In this case, in your declaration, you specify all sources of revenue. Please note that they must be official. If, for example, you rent a apartment, then a confirmation will be an official agreement with a tenant and documents confirming the transfer of funds for rent.
Conclusion
I am sure that not all citizens who bought an apartment or a house know about their right to receive from the state back of the money spent on this. If 650 thousand rubles. For you, a trifle, you can pass by the article and do not bother the collection of documents. But for the majority, I think the amount is impressive.
Registration of deduction does not require special legal knowledge. It is only necessary to highlight the time to study the material. As soon as you get a compensation for the first time, the second year will be much easier. Yes, and the waiting for the account replenishment will be a pleasant addition. In the following articles, I will tell about insurance and whether it is possible to return to the mortgage insurance. Subscribe to our blog to constantly improve your financial literacy and not be deceived by banks, insurers and the state.
