Tax deduction for an apartment in 2021

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

Buying real estate is an important procedure in which many subtleties must be taken into account. In this case, you can get a tax deduction for the apartment. We will tell you what documents are required for this procedure in 2021.

Nuances of receiving

All individuals who have registered real estate in the previous tax period equal to 1 calendar year can refund the tax when buying a home. For example, if the purchase of an apartment took place in 2020, then the package of documents can be submitted no earlier than the first quarter of 2021.

If the amount of personal income tax transferred to the budget for the last year is less than the deduction provided, it is allowed to transfer the balance of money to a future tax period. To do this, you need to contact the IFTS with a set of required documents.

This should be done in 2022 if a deduction is required for 2021, and in 2023 if the calculation is made for 2022. These rules must be observed annually until the absolute expenditure of funds.

Until the period when there is no right to deduction, it is prohibited to transmit the declaration early. As an exception, there is such a category as pensioners, for whom the restriction on the transfer of the deduction to the next years is not considered relevant.

Eligibility

Some people first want to know what documents are needed. But the tax deduction for a purchased apartment in 2021 is not always provided. To find out if a tax refund is allowed, you need to familiarize yourself with the list of requirements that apply to individuals.

The following conditions apply:

• the applicant is a resident of the Russian Federation;
• housing in Russia;
• real estate was purchased with a mortgage or with your own money;
• the applicant can submit an act on the transfer of the object.

A deduction is made in the event that housing is purchased in a new house or on the secondary market, from an individual or legal entity. There is no possibility of receiving a deduction when someone from the applicant's family or a close relative is the seller. Even though the funds were actually paid.

If the object is acquired by one spouse, but a marriage agreement has not been concluded between the husband and wife, then the apartment will be considered joint property. After purchasing this property, both of them are entitled to a tax refund.

The deduction is made in the amount of the actual spending on the purchase and on the basis of the limit. For each of the spouses, the figure is 2 million rubles.

It does not matter who, according to the documentation, is considered the owner of the home and who is obliged to draw up payment papers. Spouses are free to distribute this deduction. But in a statement about this it is necessary to indicate.

Then the document is submitted to the tax office with a declaration. All this serves as the basis for a tax refund.

Parents have the right to an increase in the deduction if it is issued for the child. This applies to those cases when the housing is owned in full or in the form of a share of a minor.

His permission to receive benefits is not required. If the parents issued it for the child, then he can receive his deduction after the age of 18.

List of documents

You need to know what documents are needed. The tax deduction in 2021 for the purchased apartment is issued after the submission of the entire package.

It consists of the following papers:

1. Declarations 3-NDFL. If the object was purchased in 2020, then the data is entered into the document for the specified time.
2. Copies of the passport. If the property is in shared ownership, documents from all the owners of this object will be required.
3. Extracts from the USRN.
4. 2-NDFL certificates with income. You can get it from your employer.
5. Agreements if housing is purchased with a mortgage.
6. Receipts with information about the costs of the payer.

When an object is acquired into common shared ownership, a document is needed to prove the distribution of the deduction amount. It is important that the paper is notarized.

Sending documents

There are several methods of filing documentation to obtain a deduction. A popular way is a personal visit to the tax office at the place of residence. The applicant is given a 3-NDFL declaration with a seal and date of acceptance.

The documentation can be sent by registered mail with a list of attachments. Then the date of dispatch indicated in the receipt of payment is considered as the date of filing. It is on her that you should focus.

Another way is to submit the declaration on the FTS website. To do this, register a personal account. The presented method is considered the most convenient. But you will need an electronic signature.

How much documentation is checked

Most often, the term for checking papers is about 3 months. It is counted from the moment of filing the application. Specialists must make sure that all information is up-to-date, documents are correct. One more month is given to transfer money to the applicant. It turns out that in general 4 months are spent on consideration.

The tax office within 30 days notifies about the possibility to exercise the right to deduction. The document must be given to the employer. The accounting department will not deduct personal income tax from the employee's salary.

This procedure is carried out until such time as from the beginning of the year the cumulative income does not exceed the amount of the deduction specified in the notification. It also happens that it is impossible to fully spend the deduction for the year. Then the remainder is transferred to the next one. But in this case, you need to visit the tax office again to obtain confirmation.

Every year, it is allowed to submit a declaration and an application to the tax office if there is a balance of funds for deduction and tax. This procedure is done until the full amount of personal income tax is reimbursed.

You can leave an application for approval of the rights to deduction from the employer on the nalog.ru portal. It is enough to create a personal account that is easy to use. Thanks to the site, you can immediately send it to the department. With this function, there is no need to draw up a declaration.

If a certain amount is paid by the mother capital

In this case, it is not worth hoping to receive a deduction from the entire amount of the price of the apartment, since this is prohibited. Before applying, it is required to deduct the amount of maternity capital from the cost of the apartment.

The resulting difference will be presented as an expense. It must be indicated in the application for compensation of the deduction. 13% is reimbursed from it.

This is how the tax deduction for an apartment in 2021 is drawn up. What documents are needed for this depends on the situation. But you should be guided by the above list.

Summarize

1. To obtain a tax deduction for housing purchased in 2020, you must submit an application to the Federal Tax Service no earlier than the first quarter of 2021.
2. For real estate purchased in 2021, the declaration is submitted in 2022.
3. Only retirees are eligible to apply for a deduction for previous years. The lost funds are distributed to other individuals for the next years.