Once in a lifetime, Russians can receive a tax refund in the amount of 650 thousand rubles from the state. Maria Spiridonova, a member of the Russian Bar Association, recalled this.
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“A property tax deduction is provided for the purchase or construction of real estate, the sale of real estate, as well as the repayment of a mortgage,” the lawyer said in an interview with the Prime agency.
Spiridonova clarified that this tax deduction can be obtained within a calendar year through the employer or at the tax office. According to her, for this you need to apply to the employer with a written application (upon confirming the right to deduction by the tax authority), and to the tax authority – with a tax return in the form of 3-NDFL. In this case, the unused balance of the deduction can be carried over.
As the lawyer noted, the right to a tax deduction arises starting from the year in which the ownership right was registered in the USRN (Unified State Register of Real Estate).
The maximum amount you can get back when buying a home is 260,000 rubles (this is 13% of the 2 million rubles, the maximum cost of housing for a tax refund). You can also separately issue a deduction for mortgage interest, in this case the maximum is 390 thousand rubles.
According to Spiridonova, when selling a property, you can reduce the amount of personal income tax by 130 thousand rubles.
A property tax deduction is an amount that can be deducted from taxable income. Then personal income tax will have to be paid not from all earnings, but only from the difference between income and deduction. And if the tax has already been paid, then you can return it from the budget. So the state partially compensates the expenses of citizens for the purchase of housing.
Earlier, on October 10, Metrium partner Nadezhda Korkka told Izvestia that mortgages remain the most accessible tool for buying an apartment. According to her, the average cost of housing in the mass segment in the capital in September of this year was at the level of 12.9 million rubles, and Russians can save such an amount, depending on their income, for a very long time.
On September 26, Irina Nigmatullina, general director of Territoriya Nedvizhimost FQF, told Izvestia that residential real estate prices could drop slightly for another 1–1.5 years.
In June, Izvestia found out that a bill would be submitted to the State Duma, according to which the self-employed would be able to apply for a property tax deduction when buying real estate.