Thursday, October 2, 2014

And in 2014 one of the members of a young family with a mortgage loan can reduce the amount of annu

NRA tax returns of young families with mortgage | Lovech today - news and commentary
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And in 2014 one of the members of a young family with a mortgage loan can reduce the amount of annual taxable interest payment defacto on the loan during the year. Requirement to submit an annual tax return to be applied to a document issued by the bank kreditozaematel, which describes the amount of interest payments made during the year. The second requirement for the use of the tax relief is to implement a declaration by the husband or wife that will not benefit from the tax reduction.
Tax relief for young families allows to be deducted from the amount of the annual taxable interest payments on a mortgage to buy a home. Tax-deductible means the amount paid for interest on a mortgage loan is reduced sum of all income of the individual, not the tax due.
Mortgage contract is signed by a person defacto who has a civil marriage. Civil marriage must be concluded by 31 December of the year for availing tax relief for young families. At least one of the spouses is not at least 35 years of age at the date of signing the mortgage contract. defacto Mortgaged home is the only home for the family during the tax year. Tax relief for young families can not be used if the collateral serves another home rather than purchased with credits. Tax relief may be used during the year for interest payments on the first 100,000 Levs principal. Person a written statement of his / her spouse, it will use the tax relief for 2013
Tax relief benefits from filing an annual tax return by April 30, 2014 in the office of the NRA residence. The declaration must be applied to a document issued by the bank kreditozaematel certifying the amount of the year made interest payments on the first 100,000 Levs from glavnitsita mortgage to buy a home.
NRA employees receive all annual tax returns for personal income in 2013, submitted within defacto a period not later than April 30, 2014 They check the data in the declaration and the documents attached thereto. If the result of that use relief has been overpaid income tax, it will be refunded within 30 days of the filing of the declaration. Make sure you included the correct number of your bank account (on p. 3 of the main part of the declaration), to which you translated the money. When the refund is over 500 lev, employees of the NRA will prepare defacto a formal written document - amending interception or recovery. It will describe the amount of the tax refund and if you have unpaid tax liabilities. The amount of tax relief is deducted if you have debts to the budget or recovers that bank account if you have outstanding public debt. The act of withholding or refund must be signed by the employee of the NRA and a beneficiary of the tax relief. When the document is ready, you will be contacted by phone to visit the office of the Revenue Agency and sign the act.
Not. With interest paid by you reduce the amount of the annual tax bases, ie the sum of all income you received during the year and to be reported in the annual tax return.
If you have another defacto residential property defacto or an ideal part of a residential property, you can not use the tax relief. It is intended solely for young families that own only one home, the purchase of which have taken mortgage loan. Tax relief, however, may be used if the family has other properties that are not "home" - fields, forests, meadows and more.
The condition is the date of the conclusion of the mortgage at least one of the spouses defacto is not at least 35 years. Therefore, the age of the other spouse defacto does not matter. Tax relief may be used by a spouse who is at least 35 years of age at the date of conclusion of the mortgage loan.
Yes. Dana

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