![]() ![]() These changes will affect your exemption. If changes occur in the use of your home, such as renting, conducting a business, or you no longer occupy the home, you must report such changes to the Tax Office. To obtain the $80,000 or $100,000 exemption, the claimant must be 60 or 70 years of age on or before December 31, preceding the tax year.For those 70 and older, the exemption amount is $100,000.For those aged 60 to 69, the exemption amount is $80,000.Home Exemptions for 60 Years of Age or Over A husband and wife shall not be permitted exemption of separate homes owned by each of them, unless they are living separate and apart, in which case, they shall be entitled to one exemption to be apportioned equally between each of their respective homes. The law allows just one home exemption for any taxpayer. ![]() You must file Form 19-71 for the home exemption on or before December 31, preceding the tax year for first half payment, or by June 30 for the second half payment. Proof of marriage must be submitted for the non-Hawaiian spouse claiming the home exemption.ģ. In the case of a lease of Hawaiian homestead land, either lessee and/or spouse shall be entitled to the home exemption. All leases must be for a term of ten years or more and recorded at the Bureau of Conveyances in order for the lessee to qualify for the home exemption. The ownership of your property is recorded at the Bureau of Conveyances on or before December 31 preceding the tax year for which the exemption is claimed, or by June 30.
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