The Tax Code of the Russian Federation, in particular, Art. 220 gives individuals the opportunity to take advantage of the property tax deduction. An individual entrepreneur is also an individual, so let's consider how this applies to businessmen.
We learn from the article:
what is a “property deduction”, what is it for;
who can receive a property deduction;
features for individual entrepreneurs when receiving a property deduction;
features of receiving a property deduction by pensioners (even if they are individual entrepreneurs);
how to get a deduction: a package of documents (acquisition of housing under a share agreement and in the secondary market).
property deduction
As you know, when receiving income in the general case, an individual is obliged to pay income tax in the amount of 13%. A property deduction is an opportunity to return the paid income tax or not to pay it. It is of two types: when selling property and when buying. In this article, we will consider the property deduction when buying an IP home.
The deduction for the acquisition of property consists of three parts and is provided for expenses:
For new construction or acquisition of housing (shares in them), land plots for them.
For repayment of interest on loans, for the purchase or construction of housing (shares in it), a land plot for it.
To repay interest on loans received to refinance loans for the construction or purchase of housing (shares in it), a land plot for it.
2,000,000 rubles is the maximum amount of expenses for new construction or the purchase of housing, from which a tax deduction will be calculated.
3,000,000 rubles is the maximum amount of expenses Germany WhatsApp Number List for the construction and purchase of housing (land for it) when paying interest on targeted loans (credits).
The specified maximum amount does not mean that it is possible to receive it, you can return 13%. This means that you can get up to 260,000 rubles for the purchase, for the construction of housing and up to 390,000 rubles for mortgage interest.
Consider an example
The apartment was purchased by Vasilyeva V.S. at its own expense under a sale and purchase agreement for 5,000,000 rubles, this does not mean that it will be able to return 650,000 rubles (5,000,000 × 13%). Using the property deduction, you can only return 260,000 rubles (2,000,000 × 13%). If Vasilyeva used borrowed funds during the acquisition, she could return up to 390,000 rubles in interest.
Who can get a property deduction?
Only a resident of the Russian Federation can use the property deduction when acquiring and building housing, buying land for it in Russia.
In order to take advantage of the property deduction, you must be a payer of personal income tax. If the tax is not paid, then there will be nothing to return.
The transaction for the acquisition of housing should be made only with independent persons.
Dependent persons are recognized: an individual, his spouse (wife), parents (including adoptive parents), children (including adopted children), full and half brothers and sisters, guardian (custodian) and ward.
The housing allowance can only be used once in a lifetime. Since 2014, it has been allowed to split the deduction into several objects, it is also possible to issue a purchase deduction for one object, and to issue a mortgage interest return on another object.
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