How to get a tax credit when buying a property

Each state tries to help its citizens. In our country there are several types of such support, among which a worthy place is taken by a tax deduction. In fact, this is a partial return of income tax (NDFL) in the amount spent on treatment, education, housing construction, etc.

For all the attractiveness of this way to return money, many citizens still do not know how to get a tax deduction. Therefore, every year significant funds allocated for such needs, and remain unclaimed.

What are the limits for getting a deduction

We will try to answer some of the questions related to the acquisition of housing. Here the procedure for obtaining a deduction is one of the most difficult.

In order to learn how to get a tax deduction, let's first turn to the Tax Code. This important document establishes a certain framework, in which it is necessary to fit in order to receive the long-awaited money.

Here are the main limitations:

1. It can only be obtained once. Whichever number of flats and houses is purchased later, the state will not provide such an opportunity.

2. A citizen must pay personal income tax, and the tax rate should be equal to 13%. In addition, only those funds that are paid to the budget from the moment of appearance of the real estate object are returned.

3. Only the owner can receive a deduction upon presentation of the relevant certificate. It is allowed to issue money by the size of shares, if the residence has several legitimate owners.

Some features have a procedure in case of acquisition of housing under construction. In compensated costs, you can include even the costs of acquiring rights to real estate, and, of course, buying building or finishing materials.

The question of how to get a tax deduction when buying an apartment, very often confronts young families who make out a mortgage. Typically, such loans are subsidized for the principal amounts. The deduction applies only to interest on a mortgage. But this also greatly facilitates the financial burden.

How to get a tax deduction - who to contact

For a preliminary consultation, you should contact the tax office that oversees the applicant's residence. Its specialists will explain how to get a tax deduction, as well as what documents are required to be issued. This can be done personally.

But there is another convenient way - interactive. Now the inspections are aimed at servicing taxpayers, so you can safely ask questions by e-mail. The main thing is to formulate them correctly. The answer will come.

True, this will be a theory. Papers still issue to the applicant and reign repeatedly to him too. Moreover, one very important circumstance should be taken into account: all documents confirming expenses must be genuine and correctly drawn up. Inspection will check everything thoroughly, and if there is a discrepancy, there may be trouble.

Of course, this kind of communication requires a significant time and skills to properly form a query. If there are no such opportunities, then you can use the services of professionals who know in detail how to get a tax deduction. With them is a contract for the provision of services (required) and documents are given. Will have to wait for the result.

And, finally, you should prepare well for receiving funds. Before you get a tax deduction for an apartment, it's worth asking how the money will be given out. Cash is completely excluded, so there is a savings account or a debit card. Banks for some reason prefer the first option, citizens - the second. True, with certain perseverance, one can find a compromise.