Do you have to pay tax when buying an apartment?
Today we will talk about whether you need to pay tax when buying an apartment. After all, when it comes to taxes, you always want to find ways to minimize your costs, don't you?
So, you have decided to buy an apartment. You choose between a new building and a secondary one, decide whether to take out a mortgage or buy with cash, and suddenly you remember about taxes. But do not panic! When you buy an apartment, you do not receive any income, which means that you are not subject to income tax.
Let’s figure out what to do if you still want to get some of your money back from the state. In certain cases, the state is ready to return some of the money from the budget to you. For example, if you purchased an apartment at your own expense or using a mortgage, then you do not need to pay any taxes for the purchase process.
You can get a refund of up to 260 000 rubles from the budget without taking into account mortgage interest. To do this, you will need to fill out the declaration PIT-3 (personal income tax) with attached documents confirming your right to deduction. The maximum amount from which the deduction can be calculated is 2,000,000 rubles. Out of these, , 13% are calculated, which is 260,000 rubles. This once in a life time limit, so it will be useful not only now, but also in the future.
Do not forget about the taxation of real estate. Every year, the Federal Tax Service will send you receipts with calculated amounts of property and land taxes.
What if you want to take a mortgage? The borrower can return 13% of the interest paid, but within 3,000,000 rubles, that is, no more than 390,000 rubles. The refund is made from the amount of previously paid income taxes. And again, to do this, you will need to file a declaration and confirm your right to deduction.
Do not be afraid of taxes when buying an apartment. There are always ways to get back some of the money from the state. The main thing is to know your rights and not be afraid to use them!
We hope that this information will help you understand all the nuances of taxation when buying an apartment. Remember that taxes are not always as scary as they are said to be. Good luck with your financial affairs!
How to avoid tax difficulties when buying or selling real estate? Our experts offer a full range of services for solving tax issues, starting from consultations on the procedure for paying taxes and tax planning, ending with transaction support and assistance in filing tax returns. lawyers of «Nevsky Prostor» know all the subtleties of tax legislation.
Tax cases are unique and require a special approach. Therefore, if you have any doubts or questions, please, contact us. We offer personal free consultations with lawyers who will answer all your questions in in layman's language.
Call us: 8 (812) 325-38-38 and get professional help !
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