What tax must be paid when buying an apartment. Taxation of the purchase and sale of a land plot with a house
If you bought a residential building with a land plot in your ownership, you have the right to receive it on your account. This tax concession is spelled out in article 220 of the Tax Code of the Russian Federation.
Providing when buying a residential house with a plot gives you the opportunity to get back the income tax you paid earlier.
How much can I get back?
Provided in the amount of up to 2,000,000 rubles, while the tax refund will be equal to 13 percent of the amount of tax deduction provided to you, but not more than 260,000 rubles.
If you purchased a house with land using a mortgage, the tax refund is increased by 13% of the interest paid on the mortgage. However, if you bought a mortgage before January 1, 2014, then the income tax refund on interest cannot be more than 390,000 rubles in accordance with Article 220 of the Tax Code of the Russian Federation.
If you purchased an unfinished building with a land plot, you can receive a tax refund only after the completion of construction and registration of a residential building. In this case, you will be able to receive a tax refund either on a residential building or on a land plot. The choice is up to you on the basis of material expediency. It is impossible to get a deduction for both the value of land and the value of a residential building, only for one thing.
What expenses can be included?
It should be borne in mind that when the construction of the purchased unfinished residential building is completed, the following expenses are included in the formation of the amount of property deduction for the residential building:
- money spent on the development of design estimates;
- money spent on the purchase of building and finishing materials;
- money spent on the purchase of a residential building, including an unfinished one;
- money spent in connection with construction work;
- money spent on building communications - electricity, gas, water and sewerage.
How to register?
A tax refund when buying a house with a plot is provided on the basis of your application and a completed 3NDFL tax return with a certificate of ownership of a residential building and land plot and other documents confirming expenses.
Documents for the return of income tax when buying a house with a plot are provided either to the tax office at your place of residence or to your employer. The tax office lists the income tax refund for the past three years, starting from the year of registration of the residential building. The employer can recalculate and, therefore, you will receive 13 percent more wages, as you will stop paying income tax.
The right to receive an income tax refund when buying a home can only be used once in a lifetime. To arrange everything yourself and without errors, carefully read the pages of our website.
According to the legislation of the Russian Federation, when buying an apartment, house or land plot, you can return yourself part of the money in the amount of the income tax paid by you. This tax deduction is spelled out in the Tax Code of the Russian Federation (Article 220 of the Tax Code of the Russian Federation) and is aimed at providing citizens with the opportunity to purchase or improve their housing.
That is, if you officially work and pay income tax (it is transferred to the budget by all employees), and purchased an apartment or house, then you can get back the paid income tax in the amount of up to 13% of the cost of the apartment / house (in addition, you can also return 13% of mortgage interest and some other expenses).
When can you get a property deduction?
Taking advantage of the property deduction, you can return part of the costs for:
- direct purchase and construction of housing (apartment, private house, room, their shares);
- land acquisition with a residential building located on it or for the construction of a residential building;
- the cost of paying interest on targeted loans ( mortgage loans) for the construction or purchase of housing;
- costs associated with finishing / renovation housing (if it was purchased from the developer without finishing).
Deduction Not available:
Tax deduction amount
The amount of tax that you can return is determined by two main parameters: your expenses when buying a home and the income tax you paid.
Example 1: In 2016 Ivanov A.A. bought an apartment for 2.5 million rubles. At the same time, in 2016 he earned 500 thousand rubles and paid income tax of 65 thousand rubles. In this case, the maximum amount that Ivanov A.A. will be able to return, is 2 million x 13% \u003d 260 thousand rubles. But directly in 2016, he will be able to receive only 65 thousand rubles (and 195 thousand will remain to be returned in the following years).
Example 2: In 2016 Vasiliev V.G. bought an apartment for 1 million rubles. In 2018 Vasiliev V.G. learned about the possibility of a tax deduction and decided to issue it. In total, Vasiliev can return 1 million rubles to himself. x 13% \u003d 130 thousand rubles. Considering that Vasiliev earned 400 thousand rubles in 2016-2018. annually and paid 52 thousand rubles. income tax, then in 2019 he will be able to return: 52 thousand rubles. for 2016, 52 thousand rubles. for 2017 and 26 thousand rubles. (balance of 130 thousand) for 2018.
One-off right to deduction
At the moment, the restrictions apply as follows:
For housing purchased before January 1, 2014, you can use the property deduction only once in a lifetime (paragraph 27, paragraph 2, paragraph 1, article 220 of the Tax Code of the Russian Federation). In this case, the purchase price does not matter. Even if you used a deduction of 10 thousand rubles, you will never be able to get more property deduction when buying a home.
Example: in 2013 Sakharov A.T. bought an apartment for 1,500,000 rubles and took advantage of the tax deduction after the purchase. In 2018 Sakharov A.T. again bought an apartment for 2,000,000 rubles. He will not be able to receive a deduction of 500,000 rubles to 2,000,000.
When buying a home after January 1, 2014 (if you have not used the deduction earlier), the property deduction can be used several times, but the maximum amount of the deduction that you can receive in a lifetime (excluding mortgage interest), even in this case, is strictly limited to 2,000,000 rubles. (260 thousand rubles to be returned).
Example: at the beginning of 2018 Gusev A.K. bought an apartment for 1,700,000 rubles. In September 2018, he also bought a room for 500,000 rubles. At the end of 2018 (in 2019) Gusev A.K. will be able to draw up a deduction of 2,000,000 rubles: 1,700,000 for an apartment and get 300,000 rubles for a room.
Note: If for housing purchased before January 1, 2014, you received only the main deduction, then you can receive a tax deduction on interest when buying a new home with a mortgage. You can read more about this opportunity in our article - Repeated property deduction for mortgage interest
For more information on the restrictions on obtaining a property deduction, see the article: One-time property deduction when buying an apartment / house.
How do I get a deduction?
The deduction process can be simplified by using our service. He will help you draw up a 3-NDFL declaration and other deduction documents in 15-20 minutes, and will also give detailed instructions for submitting documents to the tax authorities. If you have any questions while working with the service, professional lawyers will be happy to advise you.
What documents are needed?
To obtain a tax deduction, you will need:
- identity document;
- 3-NDFL declaration and tax refund application;
- documents confirming your expenses;
- documents confirming the paid income tax (certificate 2-NDFL).
When do you need to submit documents and for what period can you get a tax refund?
You can return money on property deduction, starting from the year when you have on hand:
- payment documentsconfirming the expenses incurred for the purchase of an apartment / house / plot;
- documents, confirming ownership of housing: an extract from the USRN (certificate of registration of ownership) when buying an apartment under a sale and purchase agreement or an act of acceptance and transfer when buying a home under an equity participation agreement.
If you bought an apartment in the past and did not apply for a deduction right away, then you can do it now (there are no time limits for receiving a deduction). The only thing is that you can return income tax no more than in the last three years. For example, if you bought an apartment in 2016, and decided to issue a deduction in 2019, then you can get your tax refund for 2018, 2017 and 2016 (you can find detailed information about when and for what years the tax can be refunded in our article: When and for what years to apply for a property deduction when buying a home?
The entire balance of the property deduction is carried over to the next year. That is, you can return income tax for several years until you “exhaust the entire amount” (see).
The entire procedure for obtaining a deduction usually takes from two to four months (most of the time is spent on checking your documents by the tax office).
The tax deduction when buying a house with a plot is quite a significant amount that a citizen has the opportunity to return to the state after purchasing real estate. Acquisition of the relevant real estate involves significant material costs, so it is quite understandable for the owner to return at least some of them. Legislatively, the state gives the right to a citizen to do this through appropriate compensation. So how exactly can you get your income tax refund when buying a property?
A tax deduction should be understood as an amount determined by legislation, by the amount of which the value of the acquired property becomes less. The legislation binds this amount to the amount of income tax from the relevant transaction. This deduction is defined in the tax legislation of Russia by Article 220, in which the state says that the refund is determined to provide residents of Russia with the opportunity to improve their living conditions or buy individual housing.
Therefore, we are talking about a deduction when a citizen:- officially employed;
- pays the corresponding tax to the state on a monthly basis;
- made a deal to buy a home.
As for the tax deduction itself itself, it is possible to refund it in certain situations when a citizen:The state will return income tax to such a citizen in the amount of a certain share of the transaction amount for the acquired housing. The corresponding rule also applies to mortgage payments.
- bought or built housing;
- bought land ownership with a residential building erected on it or directly for the construction of housing;
- received material funds from a banking institution at a certain percentage or a mortgage loan for the construction or purchase of real estate;
- repaired the acquired property or was engaged in its finishing due to the lack of appropriate conditions.
Tax refunds on purchases are not available in all cases. There are a number of reasons why representatives of the IFTS (tax service) have the right to refuse.
Before contacting the relevant authorities for the return of income tax, a citizen should definitely know certain nuances.
There is a list of reasons determined by the legislative framework for which a return of this value is impossible:- In order to avoid committing the facts of fraud, the tax deduction is not applied when making a transaction to buy real estate from relatives and higher management at work.
- With the participation of a citizen in the social state program for the purchase of housing.
- The acquisition of real estate was made by another citizen or company at the expense of the citizen's personal funds.
- Refund of the amount after a period of time specified by law.
- Lack of payment of income tax, place of work and, accordingly, a declaration of tax payment.
As for the electronic registration of income tax compensation, at the moment it will not be possible to carry out this procedure completely, from start to finish, without leaving home. In any case, a citizen will have to visit the Federal Tax Service in person to sign documents and provide some papers.
Among other things, foreign citizens are also not entitled by law to receive appropriate compensation if they have been on the territory of the state for less than 183 days in a row, since they will not be residents of the country.
To register a tax deduction, you need to meet a certain time frame. Otherwise, compensation will be refused or its amount will be minimal.
The legislation identifies the following groups of persons for obtaining tax deductions for the purchase of a house with a land plot or an apartment:
- who are citizens of Russia or its residents, namely foreigners who have lived in the country for more than 183 days;
- having official earnings with a deduction of 13% in favor of the state;
- who have not used their right to compensation until now.
Citizens who are officially unemployed and do not pay income tax, individual entrepreneurs with a special tax regime, as well as non-residents of the country do not have the right to pay compensation.
As for officially unemployed citizens, they are endowed with the right to refund the corresponding tax if the latter was paid by them in the amount of 13% of their income, for example, from renting a living space.
Distribution of rights
In addition to all of the above, the state also provides for some groups of persons who do not have the right to apply for the relevant benefits when making a deal to buy a home.
It:- citizens who previously received certain kinds of social benefits, including those for improving their living conditions;
- citizens who are officially unemployed;
- unemployed students and citizens on social security at the state;
- citizens who purchased housing not for their own personal funds.
As for such a category as pensioners, they can receive this payment. For this, the purchase of real estate should be made no later than three years after retirement and the corresponding request should be submitted to the Federal Tax Service. This can be explained by the fact that from the moment of retirement, a citizen ceases to pay taxes in favor of the state and begins to receive appropriate social benefits, however, tax services do a recalculation for the previous 3 years.
If a citizen has worked over the past three years and transferred 13% to the state, then the corresponding compensation will be paid.
The tax deduction is provided for citizens and private entrepreneurs, regardless of whether the land ownership was purchased in conjunction with the house, whether the citizen paid for it with personal funds or took them from the bank at interest.
Among other things, citizens have the right to determine exactly how to receive appropriate compensation:- making a money transfer in the amount of the entire deduction amount at a time to the current account;
- cancel tax payments for a period of time until the withholding amount is repaid.
If a citizen has not paid income tax, then the corresponding payments are not due to him.
List of relevant documentation
After acquiring real estate, the citizen must personally hand over a number of papers and certificates.
So, how to get a tax deduction when buying a house, namely, what to provide to the FTS specialists:- 3-NDFL report;
- general passport;
- when the ownership rights are shared with a child under 14 years of age, a birth certificate;
- originals and notarized duplicates of papers confirming the house purchase transaction;
- expenses confirmation papers;
- documents on the payment of income tax to state bodies (2-NDFL report).
This package of documents should be submitted to the local department of the Federal Tax Service.
The decision to grant or refuse the request is also issued by this tax office.
You can submit an application with a package of documents either by personally visiting the tax office, or using a registered letter with a notification, or by using an Internet resource.
It does not matter how the written request is transmitted, the process of its consideration and adoption of the corresponding decision will be the same:- The time period for consideration of documents is 3 months. If a certain kind of complication occurs, the process can take up to 6 months.
- Having made a decision, the FTS issues a written response.
- When deciding on the return of the amount, the money must go to the bank account of the citizen within 1 month.
- In case of refusal, the letter must contain the reasons and grounds for making the appropriate decision.
When creating a written request, you should take into account when exactly the transaction was concluded for the acquisition of land ownership with the house located on it. Due to its completion in the current year, it must be submitted to the tax application by April 30 of the next year.
If the deadline is violated, it will be difficult to return the due amount.
There are 2 important parameters for determining the appropriate tax refund:
- Citizen's expenses when buying a home.
- Income tax paid by a citizen.
The state returns the maximum amount of 13% of the transaction price, which, in turn, cannot exceed 2 million rubles. In this case, the maximum amount can be 260 thousand rubles.
For real estate purchased before 2008, the maximum amount of funds for compensation is 1 million rubles.
For one year, a citizen has the right to return no more than he transferred to the budget of tax payments, approximately 13% of the annual salary.
If the dwelling was purchased by obtaining a mortgage before 01/01/2014, then there are no restrictions on the compensation of the corresponding expenses by the state.
In case of obtaining a mortgage for the purchase of real estate and its acquisition later than 01.01.2014, the maximum amount for compensation will be 3 million rubles. In other words, the deduction amount will be a maximum of 390 thousand rubles.
How many times can you receive compensation
Russian legislation, starting from 01/01/2014, limits citizens in the number of applications for compensation.
To date, the limits are defined as follows:- For housing purchased earlier on 01/01/2014, you can receive compensation only once. In this case, the price of the transaction is not important. If a citizen received compensation, say, in the amount of 10,000 rubles, then it will be impossible to return income tax again due to the purchase of real estate.
- When purchasing housing later than 01.01.2014, when the citizen has not previously returned the income tax, the tax deduction can be used several times, but the maximum amount that a citizen can receive in a certain case is strictly limited to 2 million rubles. In other words, it will amount to 260 thousand rubles.
If, when making a purchase of a house earlier than 01.01.2014, a citizen received only the main deduction, then he has the right to return the tax deduction on the interest spent on the purchase of his home in a mortgage.
To get a tax deduction for buying a house, you need to have certain papers:
- payment documents issued when buying a house or other relevant real estate;
- documents certifying the right of ownership of housing.
When buying land with or without a house, it is possible to receive a tax deduction from the calculation of the previous three years from the date of the application and no later than three years from the date of the purchase.
In other words, by purchasing a home in 2015 and submitting an application in 2017, the tax refund is calculated for 2016, 2015, 2014, that is, 3 years preceding the application.
The largest period of time is allotted for checking the papers submitted by a citizen. In fact, it will take 2-4 months from the date of submission of documents. The time period directly for calculating the amount is minimized.
Not many citizens know that there is an opportunity not only to pay the state, but also to receive money from it. It will be about tax refund when buying an apartment, house or land plot, which is regulated by Art. 220 of the Tax Code of the Russian Federation. This deduction is an incentive measure through which citizens can improve their living conditions. An important condition for obtaining a tax deduction is official employment or official activity (for individual entrepreneurs), i.e. payment of income tax, which is transferred by all employers for their employees or entrepreneurs independently in accordance with the current legislation of the Russian Federation.
Refund of NFDL when buying an apartment, house or land plot is 13%, but not more than 260,000 rubles. Similar actions can be taken to return mortgage interest, but in this case the procedure will be somewhat more complicated.
Under what conditions is it possible to carry out the procedure for refunding personal income tax when buying a home?
The tax deduction can be used under the following conditions:
- purchase and construction of housing (apartment, private house, room, their shares);
- acquisition of a land plot with a residential building located on it or for the construction of a residential building;
- the cost of paying interest on targeted loans (mortgage loans) for the construction or purchase of housing;
- costs associated with finishing / repairing housing (if it was purchased from the developer without finishing).
There are several conditions under which a tax deduction cannot be obtained:
- when buying an apartment / house from interdependent persons (spouse, children, parents, brothers / sisters, employer, etc.);
- if the housing was purchased at the expense of the employer, maternity capital or budget funds;
- if the person has already exhausted his right of property deduction.
Tax refunds - how much tax deduction can I get?
The amount you can get back as a tax deduction depends on two parameters. The first is the amount that was spent on improving housing conditions. The second is the amount of money you paid as personal income tax to the state.
There are several more important nuances that should be considered when implementing the tax refund procedure when buying a home:
1. In total, no more than 13% of the cost of an apartment, house or land plot is refunded, but the maximum value of the property for deduction should not exceed 2,000,000 rubles (1,000,000 for housing purchased before 2008). If the transaction amount was more than 2,000,000 rubles, this does not mean at all that you will not be able to receive a tax deduction. This means that the tax refund amount will not exceed 260,000 rubles.
2. The tax refund for the year is not more than the amount that you transferred as taxes for that year. As a general rule, personal income tax is 13% of the earnings of an officially employed person. Those. if you paid more than 260,000 rubles of personal income tax in a year, then the tax refund can be made in the full amount. If less, then the remainder goes to the next year. You can return tax for several years until you return the entire amount in full.
3. When purchasing a home on a mortgage, you can carry out a tax deduction for mortgage interest in the amount of up to 3,000,000 rubles (from 2014), i.e. the amount of tax refund on mortgage interest in this case rises to 390,000 rubles. When buying an expensive home, the return on mortgage interest may exceed the tax refund from the purchase of the home itself.
How many times can tax be returned from the purchase of an apartment, house or land
Current legislation limits tax refunds to only one parameter: the total refund for a lifetime should be no more than 260,000 rubles for a home purchase. But the most important thing, as always, is the details:
Apartments, houses and land purchased before January 1, 2014: the tax deduction is used once, regardless of the purchase price.
Apartments, houses and land plots purchased after January 1, 2014: according to the general current rule - as many times as you like, but with a total amount of no more than 260,000 rubles.
How do I get a tax refund in the form of a tax deduction? What documents are needed to receive a tax deduction?
At the moment, the procedure for obtaining a tax deduction at the end of the year is as follows:
1. A tax declaration is filled in in the form of 3-NDFL (a sample is on the tax website)
2. We receive a certificate from the accounting department at the place of work about the amounts of accrued and withheld taxes for the corresponding year in the form of 2-NDFL
3. Prepare copies of documents:
- when building or acquiring a residential building - a certificate of state registration of the right to a residential building;
- when purchasing an apartment or a room - an agreement on the acquisition of an apartment or room, an act on the transfer of an apartment or room to the taxpayer (shares / shares in it) or a certificate of state registration of the right to an apartment or room (share / share in it);
- when purchasing a land plot for construction or ready-made housing (shares / shares in it) - a certificate of state registration of ownership of the land plot or a share / share in it and a certificate of state registration of ownership of a residential building or a share / share in it ;
- when paying off interest on targeted loans (credits) - a targeted loan agreement or loan agreement, a mortgage agreement concluded with credit or other organizations, a loan (loan) repayment schedule and interest payments for the use of borrowed funds.
4. We prepare copies of payment documents:
- confirming the taxpayer's expenses for the acquisition of property (receipts for credit orders, bank statements on the transfer of funds from the buyer's account to the seller's account, sales and cash receipts, acts of purchasing materials from individuals indicating the seller's address and passport data and other documents );
- evidence of the payment of interest under a target loan agreement or loan agreement, a mortgage agreement (in the absence or "burnout" of information in cashier's checks, such documents can serve as extracts from the personal accounts of the taxpayer, certificates of the organization that issued the loan on the interest paid for using the loan).
5. We submit a completed tax return with copies of all documents to the tax authority at the place of residence.
In terms of time, this procedure usually takes 2 to 4 months, and most of the time the documents will be checked by the tax authorities.
Tax refund issues when buying an apartment, house or land plot are so individual that general information can only give a superficial idea of \u200b\u200bthe situation. If you want to get specific advice on the situation, then write to us in the chat, professional lawyers will help you.
If the house was purchased with a land plot, you can get a personal income tax refund for both purchases. In this article, we will consider in detail only the house benefit, and all the information about the land is in the article "Deduction when buying land"
In accordance with the Tax Code of the Russian Federation, the deduction for transactions in the purchase and sale of a house is aimed at exempting the taxpayer from paying tax, or returning the previously paid one.
Differences when buying and selling:
- property deduction when buying a residential buildingprovided to citizens in the form of a refund of personal income tax paid by them to the state treasury ().
- when selling - the benefit of this category is a full or partial exemption from the payment of personal income tax on income from such a transaction, i.e. reduces the tax base (s).
Home purchase tax refund
There are prerequisites to get a tax deduction when buying a home is required:
- be a tax resident of the Russian Federation;
- have official income with payment of tax at a rate of 13% (excluding dividends).
The size
- the maximum amount from which you can deduct 13% is RUB 2,000,000;
- hence the limit amount personal income tax return when buying a house - 260,000 rubles.
The amount of the benefit is not a fixed amount, but it is provided within the established limits. A private house must be designed as a residential one.
Example 1
Lobov A.I. bought a private house for 5,300,000 rubles. He will be able to receive a deduction only from a part of his expenses, namely from 2,000,000 rubles, therefore, he can return taxes in the amount of 2,000,000 × 13% \u003d 260,000 rubles.
Example 2
Romanenko I.I. bought a private house for 1,250,000 rubles. He will be able to return personal income tax from the entire amount, because it does not exceed the legal limit. Romanenko I.I. can return 1,250,000 × 13% \u003d 162,500 rubles.
In the event that the personal income tax compensation received by you will not be enough for the full implementation of the deduction, you have the right to carry over the balance to future years until its maximum exhaustion.
Example 3
Abramov O.P. bought a private house in 2016 for 2,910,000 rubles.
For 2017, with O.P. Abramova personal income tax was withheld from wages in the amount of 67,700 rubles.
For 2018, 70 400 rubles.
Consequently, Abramov O.P. will be returned for 2017 and 2018, personal income tax in the amount of 67,700 + 70,400 \u003d 138,100 rubles.
The remaining amount of 260,000 - 137,000 \u003d 123,000 rubles. Abramov will be able to receive for 2019 and subsequent years next. tax periods until the total reaches the maximum limit.
How to get your home purchase tax refunded
In order to choose the most convenient method, you need to know how to get a tax deduction for buying a home.
There are two ways to get return:
- through your employer;
- through the local FTS.
The difference between these methods is:
- that by contacting your employer, you can get a tax deduction when buying a house immediately, i.e. the employer will no longer withhold personal income tax and you will receive a monthly increase in wages.
- through the tax authority at your place of residence, you can receive compensation next year. To do this, you will need to additionally attach a 3-NDFL declaration to the package of documents. Thus, you will be able to return the tax withheld from you at once for the entire previous year in one payment.
Required package of documents:
- a completed tax return in the form of 3-NDFL or an application to the tax authority in any form to receive a notice for the employer;
- purchase agreement;
- a certificate from a tax agent (including an employer) in the form of 2-NDFL on the income received;
- a document confirming the ownership of a residential building;
- passport (with a personal appeal to the tax office) and a copy of the TIN (preferably);
- documents confirming expenses.
When can you apply for a deduction?
- you can apply at any time;
- but personal income tax can be returned only for the last 3 years from the date of application.
They can refuse to receive benefits in the following situations:
- refusal to accept a tax return (not in the form, no signatures, required fields are not filled in, submitted to the wrong tax authority to which it should be submitted, with a personal appeal to the tax office - you do not have a passport or a notarized power of attorney Your authorized representative);
- the transaction was carried out between close relatives;
- the purchase was made entirely through subsidies or other certificates.
Refund of personal income tax when buying a house in 2019, changes
The amendments to the tax legislation also affected Art. 217 of the Tax Code of Russia.
- The sale price of a house cannot be lower than the cadastral value multiplied by a factor of 0.7.
- When submitting documents, if the ownership is registered after 07/15/2016, you must provide an extract from the Unified State Register to confirm the right to deduction.
- When receiving a deduction through an employer, a new form has been introduced to confirm the right to receive a property deduction for a house. Form KND 1150074. .
The refund of personal income tax when buying a house in 2019 in the new edition has not undergone any special changes in terms of the procedure and conditions for its receipt, except for those indicated above.
House Sale Tax Deduction
Citizens who sell their property fall into the category of persons who are required to pay personal income tax in the amount of 13% of income. But there are many nuances and not everyone is obliged to pay it, it is possible that you will be able to avoid it.
If, nevertheless, you fall into the category of people who are forced to pay this tax, then in this case the state provides a privilege, you can return this money by obtaining a property deduction.
The main criteria for this benefit are:
- the sales value of the object;
- duration of ownership;
- date of purchase.
Cottage tax deduction in 2019
Whether it is possible to get a property deduction for a summer residence worries many. According to the property deduction in the amount of 1,000,000 rubles. can be obtained for the sale of residential houses, summer cottages, and garden houses, and for the purchase of the same objects a deduction of 2,000,000 rubles. can only be provided for a residential building. An important condition for obtaining is how the ownership documents are drawn up, we will consider in more detail.
Tax deduction when buying a cottage
According to, they have the right to receive a tax benefit in the form of compensation for personal income tax in the manner established for making such a transaction with a private house, discussed above.