According to the Tax Code of the Russian Federation, the tax deduction can be obtained from a purchased apartment, from a land plot intended for the construction of housing and a residential building. This law applies to the purchase of the above residential property with a mortgage.
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The main condition for reimbursement of funds is the presence of official wages with a monthly deduction tax on the income of individuals, i.e. You must be employed. The unemployed citizens who are broken pensioners, women in maternity leave and individual entrepreneurs working on a simplified tax system, cannot receive a tax deduction.
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Before contacting the Tax Inspectorate, you need to prepare a package of documents in which your tax return should be included in the past year, your passport, all documents on housing (registration certificate, purchase agreement, act of acceptance and transmission, etc.) and the contract Mortgage lending.
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The tax appeal will be considered no more than 3 months from the date of submission of documents. When the documents provided safely pass the desk check, you can write an application for transfer of the sum of money to your bank account. Over the next month, money will be paid to your account, which will notify the postcase from the tax inspection.
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Thus, every year you will apply to the Tax Inspectorate with a statement to receive property tax deductions until the amount of money received by the amount provided by Russian legislation at the moment. After that you can refund the interest paid by you in the same way according to the mortgage agreement.
After reviewing all the nuances of obtaining a mortgage tax deduction, it is worth thinking well to whom it makes it, because if the earnings of your spouse or spouse are more, it means that he will receive much faster. But it also needs to be remembered that the deduction when buying a residential property can be obtained only once in life.
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