The Tax Agency (DGII) has announced an update to the exempt amounts applicable to the real estate property tax (IPI) and the new ceiling for classifying low-cost housing, reflecting the corresponding inflation adjustment for 2025.
According to an official statement, the maximum sale price of homes developed by low-cost trusts, including those from the Ciudad Juan Bosch project acquired through mortgage loans, will be RD$5,193,655.47. This value will allow buyers to qualify for the housing bonus and be exempt from the transfer tax.
As for the IPI, properties designated as homes and undeveloped urban land belonging to individuals will be exempt from the tax if their value does not exceed RD$10,190,833, according to the tax authority.
This adjustment, the DGII explains, aims to maintain balance in fiscal policy, ensuring that exempt amounts reflect the inflationary variations of the real estate market. This benefits property owners by updating the limits for tax exemptions.
The historical evolution of the price of low-cost housing shows a significant increase. In 2024, the ceiling for low-cost or economic housing was RD$5,025,380.75. The new limit represents an increase of 3.34%. Since 2011, when the maximum price for this type of housing was RD$2 million, the value has increased by 159.68% in 14 years, reaching an absolute difference of RD$3,193,655.47.
With the resolution now in effect, taxpayers must consider these values when calculating their taxes for 2025. Additionally, these adjustments will be decisive in the mortgage loan application processes for acquiring low-cost housing.
This value will be determined by the National Housing Institute (INVI), in coordination with the DGII. To benefit, the buyer must request this bonus through the fiduciary that manages the corresponding low-cost housing trust. This amount will serve as a complement to their initial payment for the purchase of the home.
The DGII will finance the compensation for the ITBIS paid during the construction process of the housing from the Special Fund for Tax Refunds.
Read more in Spanish:
Diario Libre
Diario Libre
16 January 2025