Currently, older adults represent a vulnerable sector of the population due to lack of work and other reasons. For this reason, the State provides them with benefits and access to economic discounts. One of the important benefits for them is the exemption from property taxes.
In 2017, it was decided to change the total payment to a partial payment of this tax for all adults over 60 years of age, a fact that caused a stir in the population, since only pensioners had access to this benefit. Discover in this note what the requirements are and how to request this provision.
Property tax: how is it calculated?
| Self-assessment section | Aliquot |
| Up to 15 UIT (S/24,750) | 0.2% |
| More than 15 UIT up to 60 UIT | 0.6% |
| More than 60 ITUs | 1 % |
Tax exemption for seniors: what are the requirements?
The tax lawyer, Miguel Carrillo, details that, in order to access the discount or exemption from property tax, it is necessary to subtract an amount equivalent to 50 UIT (S/247,500) from the self-assessment value. If this value exceeds 50 UIT, the older adult will only have to pay the remaining difference. On the other hand, the expert mentions: “If the value of my property does not exceed the established limit, I will not have to pay property tax at all.” In order to benefit from this advantage, it is essential to meet the following requirements.
- Be over 60 years old.
- Own a single property.
- This must be in your own name or that of the marital company.
- It must be used for their housing. It can be used partially for productive, commercial or professional purposes with approval from the respective municipality.
- Gross income must not exceed 1 monthly UIT (S/5,150).
How to access property tax exemption?
To request the deduction or exemption, the elderly must go to the municipality of their district. It is important that you keep in mind that the documents to be presented include the ID of the owner or legal representative of the property, the last payment receipt or other document that proves his or her personal income or income from the marital partnership.
Likewise, it is necessary to prove ownership of the property to be able to complete the process properly. Remember that it is essential to meet all the requested requirements to be able to access this benefit. I hope this information is helpful to you! If you need more details or any other questions, don’t hesitate to ask.
Peru property tax: is this payment mandatory?
When you own a property, it is necessary to pay the property tax in the municipality corresponding to your district or province. It is important to keep in mind that this payment is mandatory for all persons, whether natural or legal, who own property in the district or province as of January 1 of each year, regardless of whether they live there or not.
Where are property taxes paid?
Property taxes are paid at the location of your municipality, district or province. Likewise, those who live in Cercado de Lima should go to the offices of the Tax Administration Service (SAT).
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
