Buenos Aires stamp tax on property purchase

[keystrike]

I understand buyers and sellers normally split the 3.6% tax 50/50 but I am unsure about the exemption. Does the 975,000 peso exemption mean that tax is only paid on the amount above 975,000 in all cases? I checked the ley itself and was unclear on some of the wording but it did say that some type of certification had to be done to state that the property was the owner's sole property. Would that mean sole worldwide property... or domestically?

 

[perry]

I understand buyers and sellers normally split the 3.6% tax 50/50 but I am unsure about the exemption. Does the 975,000 peso exemption mean that tax is only paid on the amount above 975,000 in all cases? I checked the ley itself and was unclear on some of the wording but it did say that some type of certification had to be done to state that the property was the owner's sole property. Would that mean sole worldwide property... or domestically?

The stamp duty exemption for Sole property owners in Capital Federal Is 2 millón pesos not 975.000 pesos. For example on a deed of US$ 100.000 the deed today would be 4.500.000 pesos meaning that your stamp duty liability will be 1 .8 percent of 2 500 000 pesos or close to 46 000 pesos .

 

[keystrike]

Thank you! Yes, confirmed today it is 2,000,000 pesos.

 

[perry]

Thank you! Yes, confirmed today it is 2,000,000 pesos.

Please note that the exemption Is only for capital federal