In 2020, you can get a tax deduction when buying land and garden plots
The explanation of the Ministry of Finance of the Russian Federation in a letter dated 15.09.2020 put an end to the question of whether a citizen can buy a dacha or land for gardening, get a deduction for personal income tax. Since 01.01.2019, the right to tax deduction has appeared for owners of dacha and garden plots — if their land is built a residential building.
The principal basis for the deduction is the presence of a residential building on the site. It can be located on the site at the time of purchase, it can be built after. From the moment of registration of ownership of a residential building, the right to deduction also appears:
if, of course, a citizen pays 13% of personal income tax.
Tax deduction when buying land until 2019: only plots for housing and communal services
Citizens had the right to deduction before. But only if a residential building was built on the site — that is, one that is suitable for living all year round. It was impossible to build a residential building on a garden plot, a dacha, or land that is intended for gardening. More precisely, you can, but even if the object met the criteria for residential, its status was determined as "residential structure" or "country house". And if there is no residential building, but only a building, then there was no tax deduction after the purchase of land.
A residential building on a garden plot can be a residential building
from 01.01.2019 you can build residential buildings on all types of garden plots: suburban, for gardening, for gardening.
As soon as the residential building is registered, the owner has the opportunity to receive a deduction.
It does not matter: whether the land was intended for housing and communal services or only for gardening; what the status was built on the dacha until 2019 — if she has all the signs of a residential house, even if it is her house, she admits that is a residential home and not a building; whether the land owner built the house on their own or signed a contract with a construction company.
Buying a share of a land plot with a house is equivalent to buying land with a house in its entirety
The deduction can also be received by those who bought not the land with the whole house, but only a share. From the tax point of view, there is no difference. Only the size of the tax deduction changes, since the cost of a share is on average less than the cost of a house with a plot as a single property.
Deduction amount: how much can I get
The maximum amount has not changed: the state is ready to compensate for personal income tax from no more than 2 million rubles spent on buying land with a house or building a house on a previously purchased plot. In other words, it will be possible to return no more than 13% of 2 million — 260 thousand rubles. in 2020, you can get a deduction for 2019 in the tax service.
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