Owners will be able to deduct 10% from their annual tax return. Income tax on renting your homeas established in decree 652 regulating this tax.
Workers will be able to add that percentage that they already have tenants in relation to dependency, which is 40% annually.
The objective is that tenants and landlords Register the contracts with the AFIP
Deductions that workers can make to pay less Profits They are spouse, children, rent, mortgage loans, household staff, prepaid medicine and school expenses.
Details of the regulations published today by the Government
The Government published today the regulations of the IIncome taxdetailed how much can be deducted in terms of rent and how the deduction will be applied when there are several lessors of that property.
Now, workers with these benefits will be able to discount Profits for the payment of your rent up to an annual limit of 3 million pesos.
Meanwhile, owners who rent out their homes will have a benefit so that they can download 10% of their annual tax return. Profits.
“For the purposes of the deduction provided for in section k) of article 85 of the law, in the event that the lease involves several tenants, the amount to be deducted by all of them may not exceed 10% of the total sums paid in the concept of rent for residential purposes, provided that, if the collecting agency so provides, the respective contracts are duly registered,” states decree 652.
The AFIP had also established: “If you rent your property for housing purposes, you can deduct 10% of the monthly amount from your income tax, with no annual limit.”
“You can apply this deduction even if you chose to declare income for property rentals under the Simplified Regime for Small Taxpayers,” the tax agency said.
He added that “the amount of the rentals received – based on what was agreed in the respective lease contract – must be supported by the issuance of an invoice or equivalent document.”
Source: Ambito
