How to return the income tax on the purchase of an apartment

For many years they have been saving up money for buying an apartment. This is a rather joyful event in human life. However, during the implementation of the transaction, many questions and even difficulties often arise. For all this you have to spend extra money. A lot of money goes to taxes that are paid to the state during the purchase of housing.

In this regard, people in every possible way try not to pay these taxes. In principle, this is quite possible. To return the income tax from the purchase of an apartment, you need to prepare in detail for this.

How to carry out the return procedure? How much money can be returned?

To begin with, you should know that a person can return 13 percent of the amount, and this is considered the maximum refund. It will be possible to return this amount if you reduce the monthly tax payments. This is possible only if you do not pay taxes on personal income.

You need to know that the refund of this tax is approved by the Tax Code of the Russian Federation. Therefore, if you do this taking into account certain conditions, you will be able to achieve a positive result. Most importantly, this procedure is legal. However, it is important to know one nuance of the procedure. In the event that the living space was bought by a relative, income tax cannot be refunded. After all, it refers to an interdependent person.

There are two ways to apply for a tax refund. You can contact the tax for this purpose. They will explain what is needed for this. You can also carry out this procedure with an employer who is a tax agent. If the apartment was purchased on a mortgage, then you will be able to return the deduction while paying interest on the mortgage. The procedure is quite simple. It is important in this option to precisely determine the order of the actions to be performed.

A tax deduction is allowed even with the help of several tax agents - employers. The amount of such deduction is determined in tax. Money is returned to the buyer at the enterprise or in the organization where he is officially registered.

Since in this way it is possible to save a lot of money when acquiring residential real estate, more and more people turn to the tax office with this issue. And their requests are almost always approved. Therefore, if you plan to buy an apartment, you should not forget that you can save on income tax.