LovesTheTeam.com

Instructions

1

The tax legislation presupposesThe possibility of reducing the tax burden due to tax deductions for certain types of taxes. Each tax is calculated from a certain amount, the so-called taxable base. Tax deduction involves a reduction in the taxable base.

2

There are five types of tax deductions:- standard deductions are given to the taxpayer under certain conditions, for example, with incomes below a certain minimum, - social deductions are provided by a taxpayer who incurred a certain type of expenditure, for example, treatment. The list of cases is determined by legislation, professional deductions are available to representatives of a number of professions, as a rule, creative intelligentsia, and property deductions are the most common type. Property deduction is granted to a taxpayer who has completed a real estate purchase transaction.

3

Receipt of tax deductions is available onlycitizens having official employment, that is, paying personal income tax. These may include registered individual entrepreneurs applying a general taxation system if they deduct costs that are not related to the performance of professional activities. The right to deduct for real estate sales transactions is entitled to tax residents of the Russian Federation, as well as tax residents who reside on the territory of the Russian Federation for 183 days.

4

To a tax deduction can be giventhe amount received from the purchase and sale of real estate both on the territory of the Russian Federation and abroad. The deduction amount reduces the taxable base by 13%. But there is a limit of the tax base, above which no deduction is made. So when buying real estate, the limit of the amount subject to tax deduction is determined at the level of legislation of 2,000,000 rubles, that is, the tax deduction will be 13% of 2 million rubles and equal 260,000 rubles. When selling real estate taxable amount is formed by two schemes for the choice of the taxpayer: -the difference between the selling and the purchase value; -sale value less 1 million rubles.

5

You can receive a refund in one of two ways. You can get the total amount of deductions in a bank account at the end of the year or a certain time not to pay personal income tax. In the first case, the taxpayer himself draws up the necessary documentation through the tax authorities, in the second case, the tax agent (employer) prepares the deductions.

Tip 2: How to Return a Tax Deduction for an Apartment

After buying an apartment most people are askedthe question: how to return a tax deduction for an apartment. It's quite simple to do this - you need to prepare a package of documents and allocate some free time for a trip to the tax inspection.

You will need

• Reference 2-NDFL, payment order from the bank for the purchase of an apartment or a contract of sale of an apartment with an indication of the cost of housing, copies of the passport and TIN.

Instructions

1

In accounting at the place of work we take a certificate2-NDFL over the past year. If you have not worked for the last place of work for a full year - we take a similar certificate from the previous place of work. If you do not have one (never worked or worked without deduction of tax from individuals) - prepare to ensure that you will receive only the tax actually paid by you for an incomplete year of work.

2

To file an application for tax refunds afterpurchase of real estate needs a form of 3-NDFL. In any tax inspection there is an accompanying LLC, which on the basis of your certificate 2-NDFL maximum within 30 minutes will make you this form. This form together with a copy of your passport and your TIN is submitted to the appropriate window at the tax office at your place of residence. As a rule - on the window there will be a sign "Individual tax refund".

3

After submitting the form 3-NDFL you will be assigned a dateend of the verification of the fact of tax deductions from individuals. After that, come to the tax, get your 3-NDFL and fill out the application form for refunds paid to the tax funds. The application along with a copy of the confirmed payments for the purchase of an apartment (a bank payment order or a contract for the purchase of an apartment with the indicated cost of housing) is submitted to another window - "Acceptance of applications for tax refund from individuals." The data of your personal current account (bank card or the details of the savings book). A payment period (approximately 1 month) is appointed.

4

After the specified tax inspection deadlineyou can get a refund of your personal income tax. This amount will be equal to your calculated tax for the reporting period of time - the past year or those several months that you confirmed with a certificate of income. Such a tax refund procedure is conducted annually until the amount equal to 13% of the value of your apartment is repaid.