How to return 13 percent

You bought an apartment and incurred large expenses. The state provides the opportunity to recover some of the amount spent – as much as 13%. Every citizen of Russia when buying an apartment has the right to receive the property tax deduction. That is, if you bought an apartment, you are entitled to a refund of 13% of the transaction amount in the form of paid income tax. However, the maximum amount you can return, at a maximum of 130 thousand rubles.

Give yourself a tax deduction and make it repair in a new apartment

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Instruction

The first thing you need to make the fact of purchase/sale of the apartment in registration chamber. You will be given the relevant document (certificate) that certifies that the property really belongs to you.

Then you take the appropriate forms in your tax authority (or fill out electronically and print out) and write an application to receive tax deductions. These documents you need to file in the tax office you belong to in accordance with the registration.

If you buy apartment in a mortgage, the rule about returning a property tax deduction applies to you in the same way. Moreover, there is an additional plus.
In the case of apartment purchase in a mortgage you can not only return the money for the apartment itself, but also to obtain reimbursement of same 13% interest rate on a mortgage loan, and, moreover, the amount of the credit on interest rates is not limited.

Note

Remember that these coveted 13% you will not be able to return at the same time, tax relief of this kind only returned parts of – depending on how you pay income tax. So to apply and to fill in the Declaration you may have to fill several times until the entire amount is not paid in full.

Useful advice

A tax deduction only returns a non-cash, and if you don't have a current account or savings account, you need to have them.

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