It should be noted that not all citizens are entitled to this payment, and there are certain requirements that must be met to receive it.
What does it consist of?
When a consumer plans to get a tax refund, they will certainly be interested in what amount and what it will consist of. Therefore, it is recommended to study what the funds consist of and what expenses can be included in it.
Purchase of an apartment. Note that this considers the amount specified in the official document. This can be a purchase and sale agreement or a shared equity agreement if the purchase is on the primary market.
Expenses for repair and finishing works. This is only provided if you bought a home that was not ready for occupancy and invested in renovations yourself. Some companies hand over fully finished apartments, while others prefer to leave the final finishing to new owners.
Purchase of a land plot or a house in a cottage community.
Mortgage issued for the purchase of an apartment or land plot.
All of the above items, or some of them, are summed up, and then 13% is paid based on the resulting amount. But it should be noted that such a transaction with the state has a certain limit. It is recommended to find it out separately from the relevant official state sources.
In any case, you can claim a fairly large amount, which will be very useful after buying a new home. As for spending this money, you can use it at your discretion – pay off part of the mortgage debt, buy furniture, or go on vacation.
New building and secondary market
In some cases, you can get a tax refund only for the renovations done after purchase. The apartment itself is not included. Here you should pay attention to some important points:
New building without finishing. In this case, it is recommended to ensure at the very beginning that the participation agreement you sign states that the apartment is handed over without finishing. In addition, all subsequent renovation costs must be documented (receipts, etc.). Otherwise, there will be nothing to calculate the tax deduction from if there is no evidence of your expenses;
New building with partial finishing. Usually, when signing the DDU (shared equity agreement), it is indicated that partial finishing was done. No further information is provided. If you later plan to get a tax refund, ask the developer to specify what finishing works they will perform. Otherwise, you will have no proof that part of the renovation was done by you personally.
As for purchasing an apartment on the secondary market, in this case you may not even apply for a tax refund, since it is highly likely that you will be refused and simply waste time. However, you can apply for a refund on the basis of the apartment purchase if you have a contract with the exact price, and all other conditions are met.
But if you buy a home in a new building from the owner with registered rights, you can ask the contract to specify the condition in which the apartment is transferred. This applies only to situations where the seller did not have time or initially did not plan to renovate the apartment.
PR