Return of interest on the mortgage. How to get a refund of interest paid on mortgage

The availability of own housing is the yardstick of values. About 30 years ago the decision of this question remained for the state. Now citizens should provide themselves with housing. But you can still count on some help. For example, the return of interest on the mortgage. On the essence and details of this process, read on.

Clarification of concepts

Mortgage is one way to buy your own home. If not high interest for this service, then every Russian would have their own square meters long. However, the state provides for the possibility of partial compensation of costs. So, what is the return of interest on the mortgage in fact.

1. The state recognizes that the purchase of housing is a very important event in the life of citizens, therefore it amends the Tax Code.
2. Reducing the cost of purchasing real estate is by reducing the tax base with which a citizen pays 13% of the NFDL. For example, if a person is paid a salary of 30 thousand rubles, then for a year he gets 360 thousand rubles. If this amount manages to buy real estate, then the tax base is reduced by a similar figure. That is, the state undertakes to return: 360/100 x 13 = 46,8 thousand rubles. This is part of the tax accrued in the year in which the purchase was made. The amount of accrued and not paid income is taken into account.
3. The number of people who can buy an apartment at a time is not enough. Much more deals are made in installments. The state has developed a program that provides for a reduction in the base by the amount of interest that a person will pay in the form of monthly payments. Because the commission of the bank - the bulk of the cost of buying an apartment. 13% of this amount and are refundable.

Who has the right to a deduction

Citizens who have sources of income that are subject to personal income tax. First of all, these are people who work for hire and receive a "white" salary. If a "gray" scheme is used, then you can count on compensation from the official amount of income. If a citizen receives income from several sources (two or more places of work, leases, profits from the sale of securities, etc.), they can also be used for settlements.

If the borrower is an entrepreneur who works on "simplified", then he has no right to such a benefit. The same applies to non-working pensioners.

Women can apply for a refund of interest on mortgages after they leave maternity leave. If the housing was purchased before it, then the income is taken into account before the "vacation". If they are missed, the balance can be obtained after the leave.

People who officially work in the territory of the Russian Federation for more than 6 months a year, but do not have citizenship, can receive a refund of interest on the mortgage.

The privilege does not apply if the transaction was executed between relatives, co-workers and other interdependent persons.

The amount of the deduction

The basis for the calculation are the funds spent on construction, purchase of real estate. If the transaction was issued by a targeted loan, then interest is taken into account for it. But the contract should clearly state that the money was given out "to buy a house." A different formulation is unacceptable.

If mortgages were issued on the house without a mortgage, 13 percent will be refunded based on the amount of the principal debt, interest on the loan, project development costs, purchase of materials, payment for finishing, connection to electricity, water and gas supply networks. Expenses for completion may be taken into account only if the contract states that an object of unfinished construction is acquired . If a foreign currency mortgage was drawn up, then all expenses are recalculated at the rate of the Central Bank on the day of payment.

The maximum amount of deduction is limited to 2 million rubles. When the principal is repaid and 3 million rubles. - with the return of interest. The latter provision applies only to contracts concluded after 2013. Tax deductions can not include expenses incurred through subsidies, maternity capital and other social payments.

Refund of interest on mortgages: documents for registration

• The contract for the purchase of real estate or the rights to purchase it in a newly built house.
• Acceptance-transfer act.
• Documents confirming the payment of expenses (receipt to the warrant, seller's receipt, bank statements, commodity receipt purchase checks).
• Documents confirming ownership.
• Credit agreement.

Without a certificate of ownership, you can not receive a tax deduction. If the property is acquired in a newly built house, then for the registration of the benefit you need to wait for the act of acceptance and transfer. All documents must be issued for the person who is going to receive compensation. Otherwise, you will have to write a power of attorney to the real payer.

The package of documents should be submitted to the tax at the place of residence, regardless of where the real estate was purchased. Term of decision-making is 3 months. If the answer is positive, then you need to write a statement indicating the bank account number for transferring funds. Money must arrive within a month. In case of violation of the deadline, the tax authority will pay interest for each day of delay at the refinancing rate. If the application for the return of interest paid on the mortgage was rejected, then you can apply to the court.

Registration of the transaction through the employer

Not all people find it convenient to mess with the tax. Therefore, you can get a refund at work. In this case, the employee will be paid a large salary, as the income tax the employer should not withhold. To complete the transaction, you must take it to the tax notice to receive a deduction with the company name. This paper along with the application must be submitted to the employer.

Personal Income Tax will not be withheld from the month following receipt of documents. If the employee wants to change the place of employment, the balance of compensation can be obtained only through the tax. The notice is issued once a year.

If the employee has one job place, then, having received a refund of interest on the mortgage, he can not make other deductions from this employer.

Payment procedure

First, the amount spent for the purchase of real estate is repaid (a maximum of 260 thousand rubles = 13% * 2 million), then - paid interest. But in the declaration it is necessary to indicate the total amount that is compensable. The package of documents must be updated every 12 months.

If the amount of income does not cover the amount of deductions, then it can be transferred to the next year. In schemes with a "gray" salary, there were cases when the loan was already repaid, and to receive compensation, you have to wait a few more years.

Conclusion

A person who purchases property on credit in the territory of the Russian Federation has the right to receive a personal income tax refund. Interest on the mortgage repayment is not immediate, but as the debt is paid to the bank. The transaction is processed through the tax. Documents for deduction need to be updated annually. If a currency mortgage was issued, the compensation is calculated from the amount of expenses converted into rubles at the rate of the Central Bank on the day of payment.