When you purchase housing on a mortgage loan, you automatically become the owner of a tax deduction right. At the same time, two such deductions can be obtained: the main property and mortgage interest. These values \u200b\u200bdo not add up in any way and are obtained separately from each other. In order to get detailed information about each type of return of funds, read this article and carefully rush whether you come under all deductions.
How to get a tax deduction when buying an apartment in a mortgage
To begin with, you should have a document on the right to property in your hands. How it looks and what it is, you can find out in another article What do the documents for the apartment look like. Having a certificate of the owner, as well as the contract of sale, gift or privatization, you must keep in mind that the property deduction is returned for such expenses:
- Buying an apartment or a house or a land plot. A prerequisite is the construction of a house in this site.
- Construction of your own housing.
At the same time, the deduction is not supposed to buy equipment, furniture, redevelopment of the apartment. Do not indicate these data in the declaration, otherwise, you will have to redo it and submit documents again.
Please note that the owner of the apartment, his spouse, is disposed of the right to return the tax deduction, if the contract of sale is concluded in marriage, as well as the parents of the minor owner, if the apartment is divided into share.
After making sure that you have all the necessary documents for the apartment, you can roughly calculate how many money it will be possible to keep:
- You get 13% of the cost of the apartment indicated in the contract.
- 13% of all funds spent for the construction and improvement of the house.
However, the amount from which the percentage is subtracted cannot exceed 2 million rubles. That is, the maximum property deduction that any citizen whose income satisfies the tax service can be received is 260 thousand rubles. You can add the amount of all residential premises that you build or buy until the amount reaches two million.
To get a service, draw up such documents:
- Declaration 3-NDFL.
- Certificate 2-NDFL.
- Your passport and its copies.
- An application for property deduction, which must be written in the tax service.
- Documents for the apartment and confirmation of your rights to it.
Your right to this type of deduction comes into force after one year, after buying, or receiving a mortgage loan for it.
How to get a tax deduction by mortgage interest when buying an apartment in a mortgage
Here you will have to wait a little longer, since such a right is settled for you when you have already paid some of these percent. The maximum deduction amount is 3 million rubles, that is, you can get 390 thousand rubles. You can submit a deduction no earlier than one calendar year after receiving a property deduction.
Such documents are provided:
- A certificate of interest paid from the very beginning of a mortgage loan.
- Your passport.
- Application for a deduction by mortgage interest.
- A copy of the loan agreement.
- Documents of ownership of the apartment.
You will receive a deduction from all interest that you have paid from the moment of entry into force of the loan. They cannot exceed three million.
As soon as you collected all the necessary documents, contact the tax inspectorate. Within three months, the data entered by you will be checked, and then you will receive a letter with an answer. Within one month you get your money.
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