How to return 13 percent from buying an apartment?

The purchase of any real estate, including apartments, involves large costs. The owner can return 13% of the cost of housing. This right is regulated by the current tax legislation. This opportunity can be used by every citizen.

Under what circumstances is it possible to return 13 percent of the purchase of an apartment?

Return of the tax deduction from the purchase of an apartment can be obtained by any citizen of our country once. This right is fixed by Article 220 of the Tax Code of the Russian Federation. But you need to keep in mind several conditions.

The maximum possible amount from which you can return 13 percent of the purchase of an apartment is 2,000,000 rubles. That is, you can get back only a maximum of 260 thousand. This can be done in a three-year period from the date of purchase of the apartment.

During the application period to the territorial tax authority, the owner must have an official job placement. It is important that all necessary deductions are made from his salary. The amount of tax deduction directly depends on the size of the official income.

Non-employed or employed is not officially entitled to a refund of 13%. Deprived of this right are pensioners and those on maternity leave. But if the owner officially gets a job in a three-year period from the moment the deal is concluded, a return of 13 percent from the purchase of an apartment is possible.

The contract for the sale of the property should be registered through Rosreestr. It is necessary to have a certificate from the registration chamber about the property.

Required documents

To make a refund of 13 percent of the purchase of an apartment, the tax inspection must provide:

• The passport of the owner;
• Contract for the purchase of an apartment;
• Certificate of ownership ;
• Paper, indicating payment (checks, statements, receipts);
• Certificate on the form 2NDFL from the employer;
• Completed declaration form 3NDFL;
• Application for income tax refund;
• Number of the bank account for the accrual of funds.

In addition to the originals of these documents, copies of them may be needed. Nuances for completing the declaration can be clarified in the tax service.

When to file a tax return?

The filing of an application must be made at a certain date. As a rule, the declaration is submitted before April 1 of the year, which follows after the purchase. However, legislation allows doing this in a three-year period.

How to return the tax when buying an apartment for a housing loan?

If the real estate is acquired through mortgage lending, the income tax can also be returned. The procedure is the same as when buying without credit. But the package of documents is different.

In the office of the Federal Tax Service you need to provide an agreement with the bank on the provision of housing loans. It indicates the buyer's contact details, credit conditions. From the bank also need to take a certificate of interest paid and documents confirming payment. In 3НДФЛ it is indicated that the owner expresses desire to return 13% from the paid money on the housing credit.

Tax refund when selling an apartment

In order to buy new real estate, often people are faced with the fact that you need to sell the previous housing. There are also some nuances here.

If the apartment is in property for more than 3 years, the income tax on the sale is not charged.

If the property in the property is less than 3 years, then the seller loses 13%. But there are three ways to avoid large losses:

• To sell an apartment at the same price for which it was bought;
• Pay 13% of the total cost, while 1 000 000 will not be subject to this tax;
• Sell the housing and buy a new one, that is, use the netting.

In real estate practice, cases when the real value of a real estate object is greatly underestimated, so that former owners are exempted from paying property tax are not rare. Such actions are illegal, but from the legal point of view everything is correctly formed.

What else is important to know?

As a rule, when collecting all the necessary documents, the tax inspectorate has no reason to refuse to return 13 percent of the purchase of an apartment. Refusal is possible if the property was purchased for the money of the enterprise or from the state or local budget. Also, if the apartment is purchased between relatives, a refund of 13 percent is impossible.

Every citizen can receive a deduction once only in life. In this case, it is very important to consider who the real estate is issued for. So, if the owner is one member of the family, then the deduction is returned only to him. If there are several, then the deduction will be made in proportion to the shares of the property. In this case, the right to file a tax return is repeatedly lost by all owners.

Recently, the law came into force, according to which a refund is possible from 2,000,000 even in the case when several real estate objects were bought.

When buying a home, you should register it as early as possible in the territorial office of the Federal Tax Service. How can I return 13 percent of the purchase of an apartment? It is quite easy to do this. To do this, you need to transfer the required documents to the office of the Federal Tax Service. It is worth remembering that the return of the tax deduction is made in proportion to the income tax paid by the owner of the income tax. The refund procedure may take several years to complete before the full amount due. The maximum amount that a citizen can claim for the return of income tax is 260,000 rubles.