How to get a tax deduction?

The right to a tax deduction arises in the following cases:

1. Purchase (into ownership*) of a house, apartment, room, or shares in them.
2. Completion of residential construction and registration of ownership/signing of the acceptance certificate.
3. Purchase (into ownership*) of a land plot for residential construction.
   
4. Repayment of interest on targeted loans.

Loan purpose:

• purchase/construction of residential real estate;
• purchase of a land plot (for construction);
  
• refinancing of a mortgage loan.

The maximum amount of expenses from which the tax deduction is calculated (Article 220 of the Tax Code of the Russian Federation):

• For the purchase/construction of housing — RUB 2 million (13% of RUB 2 million = RUB 260 thousand refundable), granted only once in a lifetime; 
• for repayment of interest (granted when purchasing a property using borrowed funds) — RUB 3 million (13% of RUB 3 million = RUB 390 thousand refundable).

Ways to receive a tax deduction:

• Personal account on the nalog.gov.ru website
  Section “life situations” → Service “file a declaration” → Generate a declaration for the previous year (or the year for which you want to receive the deduction) and attach scans of the required documents from the list below

• Federal Tax Service (at the place of registration of an individual) or MFC (in cooperation with the Federal Tax Service)
  A full set of documents is submitted (submission under a notarized power of attorney is possible)

• Employer (13% will not be withheld from salary)
  Provide a notice confirming the right to receive a tax deduction (the notice is issued by the Federal Tax Service).

Documents:

1. For the property.
   – Underlying agreement (example: purchase and sale agreement; equity participation agreement, assignment of claim rights, investment agreement, etc.);
   – Property acceptance certificate;
   – Unified State Register of Real Estate (USRN) extract (when purchasing a completed property (secondary market)).
2. Personal documents 
   –  2 Personal Income Tax (PIT) certificates (for the past year or the year for which you want to receive the deduction);
   – Declaration for the past year (or the year for which you want to receive the deduction);
   – Marriage certificate (if necessary, in case ownership is registered in the spouse’s name);
   – Child’s birth certificate (if necessary, in case ownership is registered in the child’s name);
   – Agreement on the allocation of the share of interest (if loan interest is paid by more than one Borrower);
   – Agreement on the allocation of expenses for the purchase of the property (if there is more than one owner);
   – Account details (for crediting the refund amount).
3. The bank (mortgage transaction)
   – Loan agreement;
   – Certificate of interest paid to The bank (for the period for which the deduction is refunded; provided at the stage of applying for the tax deduction on interest)
   
4. Settlements
   Documents confirming settlements between the parties (example: advance agreements, cash receipt orders, payment orders, receipts, etc.)
   

* Types of ownership: sole, joint, shared, common shared

* The certificate is issued free of charge

The deadlines for tax deduction refunds must be уточнять in the territorial Federal Tax Service. Attention! Limitation periods have been established for tax deduction refund periods (3 years), taking into account a number of specific features.