How to get a tax deduction when buying an apartment?

By purchasing an apartment, the owner is preparing to pay many fees, taxes and other receipts. A pleasant bonus will be the fact that you can get back part of the taxes paid by the state. About how to do it right, it will be discussed further.

1

Tax deduction when buying an apartment: What is it?

The tax deduction allows to reduce the income that underlies the calculation of the tax. All who acquire residential real estate can count on such a privilege. The owner of the apartment will be able to get part of the money or pay less taxes initially.

Such a concept arose not because the state decided to generously to bestow their citizens. Tax deduction is based on the scheme:

• when a person works, his employer pays taxes for the work obtained;
• this amount is essentially a part of the employee's salary, but leaving the state;
• the state compensates for this amount.

1. A special feature of the calculation - the deduction will never be more taxes withheld from income. The owner of the apartment will be returned only by the part that was calculated earlier.
2. Another feature of the process is possible to distribute such compensation for the whole year, and not to take it all at once.
3. The state establishes the limit, so the owner of the apartment can count on returning no more than 2 million rubles.
4. Only the rate of 13% gives the right to receive a tax deduction.

2

How to get a tax deduction when buying an apartment?

There are two options for receiving compensation from the state:

1. Contact with the tax service at the end of the year.
2. Getting from the employer during the year.

The first way implies the submission to the tax service of the declaration 3 - NDFL. It is necessary to do this after the calendar year. Also, you need to fill out the application.

The experts will then carefully analyze the documents received, whether the person has fully paid taxes. If you confirm everything, the owner of the apartment will be credited to the cherished amount.

The second option involves the algorithm of actions:

1. Registration in the tax inspectorate notice. For this, the statement is written and documents are attached, which will confirm the possibility of compensation.
2. Providing an employer notification received earlier and applications.
3. The employer has no right to hold the tax from wages until the year will end.

A distinctive feature of the second method from the first is that the employer will no longer hold the tax only from the moment of receipt of the notification, and the receipt of deduction through the tax service will allow return taxes for the entire year.

The notification will prepare within a month, therefore this also delays the timing.

3

New rules for receiving tax deduction

Changes and innovations touched on this sphere. These changes concern:

1. Those who received the right to deduct in 2014 and later.
2. Those who until 2014 did not make a tax deduction.

New rules say:

1. From now on - reusable. This implies that you can arrange a "bonus" in several apartments immediately. The only thing that should not be forgotten is a limit that is equal to 2 million rubles.
2. The limit of deduction is binding not to the apartment or another object of housing, but to a subject - a person who wishes him to get.
3. There was a limit on percentage of mortgage loan. It equals 3 million rubles.

Getting a tax deduction to the uninitiated person seems difficult and inaccessible procedure. But for the tax service is the usual thing. In inspections, there are even special "windows" for those who want to make a deduction. Many firms - intermediaries will be happy to assist in this process for a fee, but everyone can do it on their own, if it first gets acquainted with the algorithm of actions.