How to make a deduction when buying an apartment

When buying a house or apartment , the government provides citizens with the right to property tax deduction under the tax to incomes of physical persons in the amount of 2 million rubles. This means that the buyer is entitled to recover from the budget previously paid tax or to exemption from payment thereof for an amount equal to 13% of the housing cost but not more than 260 thousand rubles. To obtain a tax benefit, it is necessary to properly execute.

You will need

• - passport;
• - the certificate on INN assignment;
• - the certificate on form 2-NDFL;
• - Declaration on form 3-NDFL;
• - certificate of state registration of ownership rights to the apartment;
• - agreement of purchase and sale;
• - the act of transfer and acceptance of premises;
• - documents confirming payment of the cost of housing;
• - copy of the mortgage contract, documents about the payment of interest.

Instruction

1. Property tax deduction provided the transaction of sale of an apartment like for cash or with a mortgage loan. In the latter case, the buyer-borrower has the right to the benefit is not only based on the cost of the acquired dwelling, but from the amount of interest paid under the credit agreement.
2. For registration deduction in the first place, contact your accounting Department for a certificate form 2-pit, containing information on wages and withheld tax to incomes of physical persons, which, in fact, required to pay.
3. Prepare copies of the following documents:- certificate of state registration of property rights;- the agreement of purchase and sale;- the act of transfer and acceptance of premises;- debit orders, bills, receipts and other documents confirming payment of the cost of housing to the seller.If the apartment is purchased on credit, you will need copies of the mortgage agreement, and also payment orders or memo to write off interest.
4. On the basis of the inquiry 2-NDFL complete the tax Declaration under the form 3-NDFL. You can do this yourself by downloading the program to form from the official website of the Federal tax service www.nalog.ru or website www.gnivc.ru. If you encounter difficulties with registration of the Declaration, contact organizations providing legal, accounting and consulting services for a small fee, will prepare the document.
5. In addition, write the application on granting a property tax deduction. His form can also be downloaded from the website of the Federal tax service or to the Inspectorate at the place of residence.
6. After gathering all the necessary documents for housing, certificates and declarations, and also the passport and the certificate on statement on the account as the tax bearer (INN), contact the tax authority, which within 3 months will review your application. If a positive decision, you should complete the application for refund of tax on income of physical persons, entering your Bank details.
7. You can also get the tax office notification of grant of deduction on the purchase of flats and give it to the employer so that you did not withhold income tax as long as the total amount of benefits reaches 260 thousand, and in the case of registration of the mortgage, the tax base was reduced by the amount paid under the credit agreement percent. Keep in mind that the notice should be updated annually.