Rental registration: the tax impact will be greater among retirees

Ismael Bermúdez

02/21/2021 4:16 PM

• Clarín.com

• Economy

Updated 02/21/2021 4:22 PM

 The obligation to register rental contracts and to pay taxes on the income generated by the rental of real estate

could generate a significant impact on the burden of income tax on retired

and pensioned owners who until now have

not declared that income in the AFIP.

This happens because “beyond the fact that the taxpayer may choose to declare the rental income within the Monotax, by externalizing that he has another

income other than retirement

, he would lose the increase in personal deductions enshrined in the Income Tax Law and

should pay more

”.

You should also pay the monthly tax of the Monotax for the rental income,

tax expert Marcelo D. Rodriguez, from MR Consultores

told

Clarín

.

Retirements and pensions pay income tax if assets exceed 6 times the minimum assets.

At the current values, it is

equivalent to $ 114,210

, a sum that, with the March increase of 8.1%, would amount to $ 123,462.

With Sergio Massa's Earnings project, that special deduction would go up to 8 minimum assets.

But this special tax minimum

does not apply "if the retiree or pensioner has other income

or is obliged to pay the Personal Property Tax, as long as this obligation does not arise exclusively from the possession of a property for a single dwelling", clarified Rodríguez .

Other income ranges from having a salary for working in a dependency relationship, for being self-employed or monotax, having participation in companies, rents, or fixed-term interests, according to tax expert Daniel Lejtman, from Lisicki, Litvin y Asociados.

So, if a retiree or pensioner collects $ 100,000 net today, he is not reached by Earnings.

But if you declare the rent, they will deduct $ 3,302 per month.

In addition, you must pay the monotax tax, whose value depends on the rental income.

In total, in this case they

could add up to almost $ 4,000 per month.

With $ 120,000 of net retirement, today they deduct $ 1,357 and you

will pay $ 8,324 per month

plus the Monotax tax.

With $ 150,000 of net retirement, today they deduct $ 8,144 per month and they will deduct $ 17,776 per month, plus the rent tax.

These values ​​could change with the March increase and if the Massa Earnings project is approved.

Currently,

230,000 retirees and pensioners pay Earnings

, but it is unknown how many have rental properties and how many have already declared them.

Look also

How to register a rental contract with AFIP and who must do it

Rentals: warn that registering contracts will raise prices and collapse supply