2024-04-22 08:45:44
If you obtained income from real estate rentals during the year, they must be declared to the SII.
Operation Income 2024 began this month with a series of changes, including the collection of tax for the rental of a property.
“If you earned income from real estate rentals during the year, From this Income Operation you must declare them,” it is reported on the website of the Internal Revenue Service (SII).
With this measure, the agency seeks to determine who is receiving income from the rental of properties, so investors, public entities, companies, foundationsamong others, must report payments received during the year for property rentals.
Who must pay rental taxes?
Those who must declare the income they receive from rentals are owners of three or more DFL2 homeswhich are those for residential use: houses or apartments with a constructed area that does not exceed 140 m2.
How does the rental tax payment work?
- If you have DFL2 real estate and rent it out, you do not pay and you do not have to declare it.
- If you have two properties, you don’t pay and you don’t have to declare it.
- If you have three, the first two are exempt from the declaration, so the third property acquired must pay the corresponding tax.
Likewise, they have the obligation to declare their income received from rental:
- Those who have a home larger than 140 m2 (not DFL2) or that corresponds to another type of real estate, such as offices, warehouses and/or parking lots.
These owners have the obligation to incorporate the amount obtained for this concept in your annual income tax return, to calculate the tax payable.
How should you report if you receive rent for a property?
The amount received for rent It is declared in code 955 of the form and in code 166, contributions proportional to the days of rent can be reduced.
SII Leasing Assistant
For Operation Income 2024, the SII launched a Real Estate Leasing Assistantwhich aims to guide people virtually.
To know all the details and how this web support works, you must enter THIS LINK.