If you purchased an apartment or a separate room in it, then you have every right to claim a property tax deduction. The amount of the property deduction will be identical to the actual costs incurred for the purchase of residential real estate.
In this case, you can expect a tax refund in the amount of up to 260 thousand rubles. If the housing was purchased by you on mortgage terms, then in addition there is the possibility of recovering 13 percent of the interest amounts paid to banking institutions under the loan agreement.
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What documents need to be provided?
Declaration, certificate form 2-NDFL, application:
- Filling out the declaration in accordance with the established form 3-NDFL in the original (you can download the form);
- Writing an application for a tax refund indicating the bank details where the funds will be transferred, provide in the original (a sample application can be downloaded);
- Provision of a certificate (s) of Form 2-NDFL, showing the income received for the annual period for which you wish to return taxes, issued at the place of employment (in the original). The accounting department is well aware of what it is.
Regarding the amount paid for real estate:
- Acquisition Agreement (copy made from it);
- A certificate confirming the right of ownership (it is also called the “Certificate of State Registration of Rights”), when acquiring or building housing, or an act of transferring housing (when investing in housing being built). If you have both one and the second document at your disposal, the best option would be to take both of them (more precisely, copies from them);
- A document confirming that payments have been made: these can be checks or a receipt, bank statements, payment orders, personal receipts written by the seller (their notarization is not required), and so on (in copies).
Regarding mortgage interest:
- A copy of the mortgage agreement;
- Approved schedule for repayment of the loan amount and payment of interest on mortgage terms (its copy). Such a schedule may be one of the clauses of the contract or a separate annex to it. It can also be submitted as a separate document. In addition, the debt repayment schedule can also be described verbally;
- Bank certificate confirming the amount of interest accrued upon payment (original). Each employee of the bank is well aware of what is at stake, and a certificate of the form established by the bank is issued. The main condition is that the certificate contains the amount of interest paid during the annual period in rubles, indicating the year;
- Documents confirming payment (checks and various receipts, bank statements, payment orders, etc.) in originals or copies made from them. Even taking into account that you will provide a certificate confirming the paid interest amounts, documents are additionally attached directly confirming the fact of the payment. This procedure is formal, but still related to the requirements of the inspection. If such documents have not been saved, then the bank takes an account statement, where the picture of interest repayment is clearly visible. This statement can completely replace all payment documentation.
On finishing and carrying out repairs in housing:
- Documentation confirming the expenditure part for the purchase of materials and the execution of finishing work.
In case of joint ownership or registration of return for a spouse:
- Agreement on the distribution of the amount of the deduction (in the original), provided that the price of housing is less than 4 million rubles. The tax return contains the name of such a document "Application for distribution ...". To submit this document yourself, you do not need to notarize it, and you do not need the presence of another owner (who does not file a declaration) during the submission of the document.
The note. According to outdated rules, when citizens have the right to a deduction before 2014, this agreement is also drawn up with a joint type of ownership. In the new rules (upon the occurrence of the right to purchase a deduction from 2014 (inclusive), an agreement is prepared only when housing prices do not exceed 4 million rubles.
If the price of housing is above this threshold, in each case both can count on a deduction of 2 million rubles, and therefore the distribution is redundant. The agreement is the same.
- Marriage certificate (copy).
If we are talking about a shared type of ownership with a child or a refund for the latter:
- Certificate confirming the birth of a child (its copy).
For pensioners who carry forward the deduction for past years:
- Pensioner's certificate (copy made from it). This document is required if you use the right to receive a deduction for past periods by filling out a declaration for the years before the moment when the housing was registered as a property. Retirees have priority in obtaining the right to the deduction for the years prior to the entry into force of the right to purchase the deduction.
In a judgment:
- When a certificate confirming the registration of the right to housing was issued according to a court decision, a copy of it must be attached. If there was an investment in housing under construction, it is important to have an act of transfer of housing, but not the certificate of registration of the right itself, for this reason, even if the certificate was issued according to a court decision, there is no need to attach the latter.
If the documentation is submitted for another person:
- Copy of power of attorney.
How is documentation prepared and certified?
Declaration 3-NDFL with the application is submitted in originals. It is also recommended to submit original 2-NDFL certificates, bank certificates on interest paid for the year and bank statements. If we talk about the rest of the documentation, then usually either the original is submitted, or a copy with its notarization, or a copy certified independently.
In the latter case, the declaration must be submitted in person (not by mail), along with the originals of the submitted documents. Employees in some cases may require a comparison with the originals, in order to put appropriate marks on the copies. The submitted documentation is non-refundable, for this reason it is recommended to submit exactly copies so that the original documents remain in your hands.
If the copies are certified independently, then the mark “Copy is correct” is affixed on each page without fail, which is sealed with a signature, deciphering the last name, first name and patronymic. The date of completion of the certification is also recorded.
Documents for a tax deduction for the purchase of an apartment on a mortgage
What will need to be submitted:
- Declaration 3 personal income tax;
- Application for the provision of a deduction and for the transfer of a tax refund;
- A copy of the certificate confirming the registration of marriage;
- Application for the distribution of tax deduction between a married couple;
- Certificate of form 2 personal income tax;
- Copy of passport;
- Documentation confirming the ownership of real estate;
- A copy of the mortgage agreement concluded with a banking institution, along with a payment schedule;
- Documents confirming the payment of funds for real estate and mortgage payments;
- A certificate issued by the bank regarding the amount of interest paid and payments made from the principal debt.
Detailed instruction:
- In order to receive a deduction, it is necessary, first of all, to collect the appropriate package of documentation and transfer it to the tax service. First, a declaration of form 3-NDFL is filled out for the period for which the deduction will be processed. The point is that only persons paying personal income tax in the amount of 13 percent can claim it. For this reason, filling out the declaration is mandatory;
- Two separate applications are drawn up, each in a free presentation - for the provision of a deduction and the return of funds for it. In the latter case, it is necessary to indicate the details according to which the funds will be transferred. Quite often, it is necessary to attach an appropriate extract from the personal account specified in order to carry out a refund;
- Often a mortgage agreement is drawn up in the common property of the spouses. In this case, it is necessary to provide the tax authorities with a copy made from the marriage certificate and a separate agreement stating that the parties have come to an agreement on the division of the deduction amount;
- At the place of employment, you need to get a certificate confirming the receipt of income in accordance with the form 2-NDFL. The certificate must be taken for the period covered by the deduction. Mostly when returning funds that were used to purchase housing, the deduction is processed for the last year. You can return the amount of tax every year;
- You also need to start preparing copies of documents confirming the right to own housing. The list of such includes a certificate of state registration of ownership, as well as an agreement on the purchase of a property and an act on the transfer of rights. In the case of a mortgage agreement for the construction of real estate, an additional certificate of state registration of the right to own the land is required;
- Another group of documentation directly relates to mortgages. It is necessary to send a copy of the loan agreement and the schedule attached to it for repayment of the loan amount and additional interest to the tax authorities;
- You will also need to document the costs of acquiring real estate (including the first installment) and mortgage interest. The list of this documentation includes receipts for PKO, bank statements, as well as checks. It often happens that cash receipts burn out over time. Under these circumstances, only a statement of data from the personal account of the taxpayer or a certificate issued by the bank on the amount of mortgage interest paid can serve as confirmation of the payment of interest.
Attention should be paid
The maximum expenditure amount, from which the deduction is calculated when purchasing real estate, is represented by 2 million rubles. The return of funds is possible only within the limits of 260 thousand rubles. If we talk about the deduction for paid mortgage interest, then at the current stage the maximum amount for settlements is set at around 3 million rubles.
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