Documents for tax refund when buying an apartment

Taxation significantly reduces our income. By the way, a citizen must pay taxes to the state from any transaction that allowed him to make a profit and generally any financial transaction. However, the government is doing everything possible to reduce the amount that is levied on each person. One of such attempts to change the tax is the legislative decision adopted in 2001 and fixed in the Tax Code of the Russian Federation. These are so-called deductions. By the way, all citizens residing on the territory of the country and regularly paying taxes can use this privilege. Deductions are standard and proprietary. The most common ones are deductions for children. That is, people who are the parents of one child or several children can not pay such large taxes to the state as those people who do not have children.

But property deductions are a tax refund that is paid when buying or selling an apartment or a house. This type of benefits can benefit every owner, but only once in a lifetime. And if everything is simple with standard deductions, there are several important nuances in granting property deductions, which we'll talk about below.

The fact is that in order to receive these deductions, you must provide the tax service with documents for tax refund when buying an apartment. And this is a whole package that includes: a contract for the sale of an apartment (a copy of the contract is attached to the application), a certificate confirming the acquisition of the property, as well as the registration of property, a certificate that you paid the tax and the amount of the tax, and Also any evidence that you personally paid money for this apartment or house. This can be a check, a receipt, a receipt from a former owner who sold you housing. Also, you must take a certificate from the financial department of the company where you work. This document must confirm that you regularly pay income taxes.

By the way, after the package of documents is collected, you must report to the tax service and write an application for a refund of the excessively paid tax. The form of this document, as well as an example of filling it out, will be given out on the spot. To this paper attach all the information collected by you, after which the case of return will be considered. Within six months you will be paid this deduction.

The controversial issue and how to issue a refund of income tax when buying a land plot. The fact is that in this case, deductions from the purchase itself are not carried out, as is the case with an apartment or a house. However, if you buy land, you have the opportunity to return the income tax. To do this, you must provide all necessary information that you are a valid taxpayer for several years, as well as prepare documents confirming the facts of sale of land, registration of property and evidence that you paid n-money to the former owner of land . All this you bring to the tax service, write an application, the form of which you will be given out on the spot, and the documents collected in advance, attach to this paper.

By the way, if you have children, then the situation changes somewhat. Documents for tax refund when buying an apartment will include a certificate of birth of children under the age of majority. Then the deduction amount will be even higher than for you alone. However, this is only possible if the child is the owner of this apartment and has not reached 18. After 18, he can file documents for tax refund when buying an apartment, and also receive money. However, this will mean that he has already used his right of interest deduction, he can not do it any more.

What else is important in this procedure? Remember: documents for tax refund when buying an apartment need to be submitted no later than 2-2,5 years after the sale-purchase transaction. As soon as the period when you are the owner of the apartment reaches 3 years, you automatically lose the right to a refund of taxation in this dwelling. However, when buying the next one, you can again use this right.