In Peru, older adults can access the Exoneration of the property taxa fiscal benefit that seeks to relieve the economic burden of this sector of the population. To do this, they must meet certain requirements established in current regulations and carry out the procedure before the corresponding municipality.
The property tax is an annual tax that must pay all property owners In the country. However, people over 60 have the possibility of requesting their exemption if they meet the stipulated conditions, which allows them to reduce their tax obligations and improve their financial stability.
Requirements for older adults to access the exoneration of the property tax
To get the Exoneration of the property taxapplicants must have turned 60 and be owners of a single property for housing. In addition, the value of the property of the property must not exceed 50 Tax Tax Units (UIT)which is equivalent to S/267,500 in 2025.
Another important criterion is that the monthly gross income of the applicant should not exceed 1 UIT, that is, S/5,350. The exoneration applies to both individual owners and those who share the property with their spouse, provided they do not possess other properties registered in their name.
Step by step to request the exemption of property tax 2025
To process the Exoneration of the property taxolder adults must go to the municipality of their district and present their National Identity Document (DNI)in addition to proof of income that demonstrates that they do not exceed the limit established by the regulations.
They must also complete a application form provided by the Municipality and prove the property of the property by submitting official documents. Once the application is evaluated, the Municipality will determine whether the applicant qualifies for the exemption and will proceed with the update of its tax registration.
What real estate are exonerated from the property tax in Peru?
Current legislation also contemplates the Automatic Exoneration of the Property Tax For certain types of real estate. Among them are the properties destined for public use, such as parks, squares and avenues, as well as the buildings belonging to the State used for governmental, educational or health services.
The real estate of recognized religious entities and those administered by non -profit organizations dedicated to education, social assistance or health, provided that they comply with the corresponding municipal regulations are also exempt.
Source: Larepublica
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