How can a pensioner get a tax deduction when buying an apartment

Pensioners have the same rights to a tax deduction when purchasing real estate as citizens who have not reached retirement age. However, it is necessary to clarify in the local tax service the nuances of obtaining a deduction by persons who have already left for a well-deserved rest and those who continue to work.

The right of the pensioner to deduct

Tax deductions for the purchase of real estate belong to the category of property. The state agrees to refund 13% of taxes previously paid to the Treasury to those citizens who have income and deduct them to the budget in accordance with legislative norms.

The following people can count on receiving benefits:

individuals who have purchased housing or land for construction with their own savings or through mortgage lending; persons who do not have any family ties.

Pensions are also classified as official income. However, the personal income tax is not withheld from it.

Accordingly, a pensioner in the absence of other income can not return what he did not pay.

However, there are a number of conditions under which even individuals are entitled to a tax deduction. We are talking about:

about people who retired less than three years ago (before the conclusion of the purchase and sale transaction); persons who continue working after reaching retirement age; citizens who bought real estate before retirement; pensioners who are married to citizens who work and pay tax.

What documents are required to get a deduction

In order to get everything right, the pensioner must submit it to the regulatory authorities: passport (proof of citizenship); pension certificate or certificate that confirms the relevant social status; sales contract; Bank statement confirming that funds were transferred to the seller; agreement to participate in shared-equity construction, if the property is purchased from the developer, etc.

The specifics of obtaining

A pensioner who continues to work can apply for a deduction to their employer or directly to the tax service. In the first option, 13% of the refund is not credited in a single payment. There is a recalculation that will allow for a certain period of time each month to receive a salary increased by some part of the refunded amount.

If the documents are sent directly to the inspection (via an online service, by registered mail, or in person), the payment is made once.

When filling out the 3-personal income tax, it is important for an individual to remember that the information is entered in the document in reverse chronological order. This makes it possible to correctly calculate the balance to be refunded.