Tax refund when buying an apartment in 2021

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

In 2021, citizens of the Russian Federation retain the right to receive a property deduction when buying an apartment. The refund of a part of the tax paid is subject to the availability of supporting documents. Until there have been any special changes, the terms of payment depend on some nuances.

What is tax deduction

The state has the right to collect from its citizens all types of taxes that are fixed in the Tax Code. But this set of laws provides for the provision of benefits to certain categories of citizens when it comes to paying for treatment and education or buying a home. This is provided only for those who pay tax to the state in the amount of 13%.

These beneficiaries include:

• civil servants paying personal income tax;
• pensioners who pay personal income tax (applies so far for 2020-2021, in relation to the deduction for previous years);
• foreigners who have a permanent residence permit;
• non-residents who have entered into a limited-term employment contract with Russian representatives;
• some other people who are also charged a 13 percent rate (for example, earning income by renting out their property).

As in 2020, in 2021 this opportunity is provided by Article 220 of the Tax Code of the Russian Federation. It also regulates the methods of registration and the timing of payment. There are certain nuances that are determined by the type of deduction - received for the purchase or construction of housing, or for interest on the loan paid.

Partial refunds when buying an apartment, which can be counted on, did not change in the amount, but after the changes were made, the frequency of calls changed and it became possible to receive such a refund for several objects.

Tax refund is a right that arises for a citizen, provided that he has all the documents. In this case, certifying the fact of payment of 13% of personal income tax and the acquisition of home ownership. It appears from the moment the certificate is issued, and not upon purchase. Therefore, it makes sense to submit an application only after the final completion of all formalities.

When can I get compensation

In 2021, the rule continues to apply, according to which the purchase of an apartment by a citizen who meets the requirements allows you to qualify for a deduction for three years. However, this requires a declaration of payment, which reflects the fact of payment for all three years. If the apartment was bought last year, in 2021 it is realistic to issue an NV only with last year's tax return.

Buying an apartment on credit gives the same rights, and if the current limit on the main deduction has been exhausted, then on the interest paid over the years of the loan. All this is real only on condition that the acquisition of real estate was made from outsiders. In case of discovery of the fact of purchase from relatives, you should not count on a deduction.

Methods for obtaining a deduction

The presence of a document on ownership and an officially confirmed fact of expenses incurred (when returning interest on a loan, this can be a certificate issued by the lender about the fact of payment) allows you to get NV in two simple ways: through your employer or through the tax authority in which the owner is registered.

The advantage of the first method is that the tax refund can be received in installments, without waiting for the end of the year. In the second case, this is possible only at the end of the calendar year, but for the entire period.

Employer tax deduction

As soon as the package of necessary documents is collected, they are sent to the FTS department in any of the three proposed ways: by Russian Post or to the official website of the tax office (for this you need to have your own personal account). You can enter it personally. In this case, time is gained, and the personal income tax-3 application, which will need to be filled out at the end of the year, will not have to be written.

Within a month, the taxpayer receives a notification confirming the acquired right to a tax refund. It must be submitted to the accounting department or the employer (if the function of a tax agent is performed personally by him) and the received notification must be attached. After that, a 13% deduction is not made, the entire salary is handed out in full.

The termination of such deductions occurs in two cases:

1. At the end of the year (you need to confirm it again in the new year, and only then the bonus will continue to work).
2. When the amount is exhausted, which is differently limited when buying immediately or when purchasing on credit. In this case, there is a possibility of receiving IR on interest paid to the bank or on other real estate objects purchased earlier or for the past period.

Interesting! Disability pension group 3 in 2021 in Moscow

Tax deduction through the department of the Federal Tax Service

In this case, you will need about the same list of documents as in the first case. It is imperative to adhere to the conditions of filing. So, for example, for a passport, payments and a contract, you need to take care of copies certified by a notary in advance, but it is advisable to have the originals with you so as not to apply twice.

In 2021, the following documents will be required:

1. Passport as an identity document, the copy must contain a page with registration.
2. Personal income tax certificate-2 received from the employer, in original.
3. Eligible purchase and sale or equity agreement.
4. Receipts, payment orders, which confirm the fact of depositing funds.

In addition, you will need an extract from the Unified State Register of Real Estate, an act of transfer and a hand-filled application in the form. If we are talking about a loan, then you need a bank certificate and a mortgage agreement in the form of a certified copy.

If we are talking about a child, additional documents will be needed. You can get confused in all this, so some citizens turn to a special service that collects and prepares documents.

Return deadlines

The law provides not only the right to receive NV, but also stipulates the terms of return, which may be influenced by variable circumstances. As soon as the 3NDFL declaration is submitted, the tax office launches a desk audit. Its purpose is to confirm or deny the taxpayer's rights to the claimed benefit.

Its term can last up to 3 months, and it can be counted from different dates determined by the method of sending:

• by mail - the date of dispatch of the postal item, provided that its content meets all the requirements;
• through your personal account - on the day when the application with the documents was sent;
• upon delivery to the MFC, such an estimated period becomes the date of transfer to the authority;
• personal visit - the date of the visit to the tax office.

The payment period is officially calculated in a month from the moment of filing the application, but it must be borne in mind that this is a somewhat conditional term, because some citizens, when buying an apartment, submit an application for return, without waiting for the end of the in-house audit.

In 2021, the month from the date of submission of the application is calculated only if such a check is completed. The legal basis for this is the Letters of the Ministry of Finance and the Presidium of the Supreme Arbitration Court of Russia.

Summarize

The timing of the tax deduction for the acquired real estate largely depends on the taxpayer, as well as on the following circumstances:

1. Correctly assembled package of documents.
2. The method of obtaining through the employer or through the tax office.
3. The end of the terms of the office audit.
4. Compliance with the requirements of current legislation when purchasing an object.