LETTER OF THE FEDERAL TAX SERVICE OF THE RUSSIAN FEDERATION

of August 12, 2013 No. AC-4-11/14599 @

About procedure for submission of supporting documents for the purpose of receipt of remaining balance of the property tax deduction on income tax

The Federal Tax Service concerning submission of supporting documents for the purpose of receipt of remaining balance of the property tax deduction on income tax reports the following.

According to the subitem 2 of Item 1 of article 220 of the Tax Code of the Russian Federation (further - the Code) in case of determination of the size of tax base on income tax the taxpayer has the right to the property tax deduction in the amount of actually made expenses, in particular, to acquisition in the territory of the Russian Federation of the apartment, the room or share (shares) in them, but no more than 2 000 000 rub.

If in tax period the property tax deduction cannot be used completely, its remaining balance is transferred to subsequent tax periods before its complete use.

For confirmation of the right to the property tax deduction the taxpayer represents to tax authority:

- in case of construction or acquisition of the apartment house (including not ended by construction) or share (shares) in it - the documents confirming the property right to the apartment house or share (shares) in it;

- in case of acquisition of the apartment, room, share (shares) in them or the rights to the apartment, the room in the house under construction - the agreement on acquisition of the apartment, room, share (shares) in them or the rights to the apartment, the room in the house under construction, the deed of conveyance of the apartment, room, share (shares) in them to the taxpayer or the documents confirming the property right to the apartment, the room or share (shares) in them;

- in case of acquisition of the parcels of land provided for individual housing construction, and the parcels of land on which acquired apartment houses, or share (shares) in them - the documents confirming the property right to the parcel of land or share (shares) in it, and the documents confirming the property right to the apartment house or share (shares) in it are located.

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