How to make up and where to apply for a property tax deduction

The state privilege in the form of a reduction in the tax deduction is given to the taxpayer at the time of the purchase of own property. Such an opportunity helps the taxpayer to partially reduce the costs incurred.

Who can use the property benefit

To the category of property, which is covered by the privilege, it is possible to attribute all real estate objects and vehicles owned by an individual. Property deduction is assigned only to those people who receive income taxed 13% of the tax. Cash receipts in the form of interest, insurance payments and prize funds can not participate in the base for obtaining benefits.

Assignment of income tax relief related to the purchase of property

After the acquired property is finally registered in the property, an individual may be entitled to a benefit. To do this he can in two ways:

1. Apply with the application to the tax inspectorate for permission to receive a benefit. The received notification is presented to the enterprise accounting department.
2. Submit at the end of the year income declaration, which will reflect the amount of purchased housing and personal income tax. As a result, the return of the approved deduction will be carried out by the tax inspection.

Application for granting a property tax deduction, what is it and where to take it?

Any tax benefit should be documented. For each case, supervisory authorities develop specialized forms, in which the necessary information is entered. To obtain a property benefit, you must fill out an application for a property tax deduction.

You can fill out this form by hand or use the printer. The form is of an arbitrary nature and contains a mandatory official part in which it will be necessary to indicate the name of the enterprise at which the exemption and the full amount of costs will be granted.

How to fill out the application form correctly and what documents will be required to confirm the benefits

At first glance, the form of the document looks quite simple, so when filling it, there should be no insoluble questions. The application for the granting of a property tax deduction contains an official "cap", which indicates the personal data of the applicant. To fill them you will need a passport. Next, in almost arbitrary form, the taxpayer asks to document his right to receive benefits in connection with the purchase of real estate. In conclusion, you need to list the documents that will be attached to the application. Usually copies of the certificate of ownership, settlement documents, checks and the contract of purchase and sale are enough.

The application for granting a property tax deduction is considered by the tax authorities within 30 days. As a result, with a positive response, the applicant receives a notice that gives the right to receive such a benefit from the employer. Based on the notification, the employer starts applying the benefit from the moment of confirmation of the right.

Which employer can receive a tax credit

A notice for the right to purchase a tax deduction is issued to a specific employer. If the employee is working part-time in another place, then it will not be possible to receive a deduction in one period again.

In order to return the tax transferred to another employer, at the end of the year the employee must fill out the declaration and send it to the tax authority. Together with the declaration it is necessary to submit certificates of 2-NDFL on all received incomes.

Verification and examination of the declaration of 3-NDFL occurs within three months. The return of funds will also take at least 60 days. The declaration can also be submitted next year, but not later than the expiration of the statute of limitations, which is set at three years.

This form, such as the application for the grant of a property tax deduction, is very popular in Russia, since the privilege received in considering this petition is of considerable monetary value. Reducing tax charges sometimes helps to solve many financial issues that arise after the purchase of property.