What documents are required for tax deduction

Not everyone knows that when buying an apartment, the owner has the right to recover some of the money spent. And even more so do not know on what terms the money is returned, in what terms and what documents are needed for tax deduction. The maximum tax deduction can be 13% of the cost of the apartment, but can not exceed 260 thousand rubles. It turns out that the maximum cost of an apartment with which you can receive this compensation is two million rubles.

True, this system has several significant disadvantages. First, the tax deduction can only be obtained once in a life in proportion to the share in the apartment. In other words, if a purchased odnushka worth 1.5 million is registered in equal shares with a husband and wife, then each of the spouses will receive 97 with a few thousand.

The second negative - the amount is paid not immediately, but in parts, the size of which depends on the amount of taxes paid for the past period. In other words, if the owner of housing for 2011 paid 30 thousand taxes, then in 2012 he can receive 30 thousand tax deductions.

The third negative - documents for granting a tax deduction can be submitted only for the next year after the year of signing the contract. Simply put, if the contract for an apartment was signed in December 2012, then you can go for compensation in March-April 2013. And if you bought an apartment in May 2013, then documents for tax deduction can be filed only in March-April 2014 , That is, almost a year later.

The fourth negative - compensation can only be received once in a lifetime, however, under the latest changes, parents can receive money for their minor children if they have been allocated shares in the apartments.

From the positive points, it can be noted that the deduction can be obtained not only from the amount paid for the apartment, but also from interest on the mortgage, of course, if they together do not exceed 2 million.

What documents are needed for a property tax deduction for mortgage lending?

1. The contract of sale of an apartment.

2. A signed loan agreement.

3. Notification of the borrower about the transfer of rights to the apartment by mortgage.

4. A copy of the birth certificate of the child (children).

5. Certificate of state registration of immovable property from the registration chamber.

6. Payment orders from the bank about payment for the purchased apartment (initial and final installments).

7. Schedule of interest repayment and certificate of repaid interest for the tax period.

8. Certificate of income 2-NDFL.

9. Account details in the Savings Bank, which will be deducted.

10. Photocopies of all pages of the passport.

If the apartment is acquired in marriage, the following documents for the tax deduction will additionally be required: a copy of the marriage certificate and the application for refusal to receive a tax deduction (if the spouse can not or does not want to receive it) or, conversely, an application for compensation from its share. In addition, you need to bring a completed declaration of 3-NDFL, which can be obtained both in the tax itself, and download it from the site. When the owner comes to file documents for tax deduction, an application for transfer of funds to the specified account and a request for a deduction is already written on the spot. By the way, according to the latest changes in the legislation, a new owner of an apartment can receive a refund of money not in a single large amount, but in small shares on a monthly basis, equal to 13% of his salary. In fact, he will simply not pay income tax for a while .

Do not forget that the deduction is made from the taxes paid. If the owner / owner of the apartment does not pay taxes, for example, works at the enterprise with a salary "in envelopes" or is on maternity leave, the money will not be returned. If only one of the spouses receives a high "white" salary, then to get the maximum deduction it makes sense to fully arrange a home for it.