Each of us sooner or later acquires our own housing or land plot for individual construction. In such circumstances, the state provides us with the opportunity to exercise the right to a refund of income tax withheld by your employer in accordance with tax laws. To do this, it is necessary to draw up and submit to the territorial division of the tax service a declaration in the form of 3-NDFL, which is the basis for the return of the withheld sum of money.
Who is eligible for a property tax deduction?
Every working citizen who has acquired in the territory of the Russian Federation any dwelling or land plot intended for individual housing development has the right to receive a property deduction. In the event that such objects are registered for a minor citizen, his legal representative can exercise the right of deduction.
How much is refunded from a purchase?
Tax legislation provides an opportunity to receive a tax deduction from an amount not exceeding two million rubles. That is, if the dwelling was bought for 2,500,000 rubles, then the buyer will be able to return 13% of 2,000,000 rubles. If, however, the purchase amount is less than 2,000,000, 13% will be deducted from the total value of the real estate.
What documents are required to draw up a tax return
The right of property deduction must be confirmed by the following documents:
An agreement for the acquisition of real estate or for participation in shared construction, as well as a deed of transfer.
A receipt or copies of payment documents confirming the full settlement of the purchase and sale agreement.
Certificate of ownership of real estate.
Declaration of 2-NDFL from the place of work.
Also, the declaration must be accompanied by a photocopy of the passport and a certificate of registration as a taxpayer (TIN). In the case when a dwelling is purchased at the expense of credit funds, citizens receive a deduction not only from the principal amount of the purchase, but also from the interest paid on the basis of a certificate provided from the bank.
Basic rules for drawing up a declaration
1. The declaration is sent to the territorial subdivision of the Federal Tax Service at the place of permanent registration of the citizen. Therefore, it is necessary to choose the correct code of the inspection to which the documents will be sent. You can find out the code of your inspection on the website www.nalog.ru in the section "Addresses and details of your inspection".
2. The declaration is submitted within the next year after the purchase of housing. That is, if an apartment or a residential building was purchased in 2015, then you can use the deduction during 2016. However, do not be upset if you missed this deadline, the right of deduction does not disappear, it can be used in any subsequent year until the tax deduction amount is fully selected.
3. You can fill out the declaration form using the "Declaration" service on the website www.nalog.ru. To do this, go to the "Software" subsection and install the version of the program corresponding to the year the deduction was received. Without fail, the Declaration shall reflect passport data, income received, information about the acquired property, as well as standard or social tax deductions received during the year.
The declaration submitted to the tax office is considered within a calendar month and in case of a positive decision, the funds will be transferred to the applicant's personal account. It is worth noting that it is exactly the amount of money that was withheld by the tax agent during the year that is returned. Therefore, the 3-NDFL Declaration will have to be submitted annually until the balance of the property deduction becomes zero.
