Impuestos de bienes personales

[michelle0210]

h , i purchased an apartment in argentina in december 2024, i am trying to determine my bienes personales obligation as a non-resident.do i need to pay the tax for the entire 2024 tax year, or only for the month of december since that is when i acquired the property? thank you.

 

[LuckyLuke]

Howdy Michelle,

Welcome to the forum. IMO, your correct source for this information is an accountant. The good news is that they are ubiquitous and affordable down here. It's my understanding the answer to your question depends on the registered value of the property and whether it exceeds the value threshold for taxable assets.

 

[Alby]

When you talk to the accountant, expect the answer to go something like this:

1. As you know, as a non-tax resident, you will have to pay tax on the value on December 31 of each year of your in-Argentina assets (i.e., your apartment). If you bought the property during the month of December 2024, you owe an amount based on the apartment's value at 31 December 2024 (this payment was due in mid-2025), and by late July this year (or right now, if you like) you should pay again for the value of the property on 31 December 2025.
2. The current government has increased the tax-free threshold to a quite high amount (384,000,000 pesos currently, I think); however, as in many other countries, Argentina does not extend tax-free thresholds to non-tax residents. So the accountant will calculate the tax payable (0.05% of whatever the apartment's value is calculated to be) from the first peso of value.
3. The other wrinkle is that you will need to identify to your accountant an Argentine tax resident willing to be your sustituto responsable to pay the tax for you.

(A long-time contributor to this forum will tell you that when he first bought an apartment in the late 2000s, nobody told him that the tax existed and he didn't pay it for years until he went to sell the property, at which time he discovered the debt and settled it in order to be allowed to sell. It's quite possible that other non-tax resident foreigners own property here and don't know about or bother to pay the tax.)

 

[desde_Holanda]

When you talk to the accountant, expect the answer to go something like this:

1. As you know, as a non-tax resident, you will have to pay tax on the value on December 31 of each year of your in-Argentina assets (i.e., your apartment). If you bought the property during the month of December 2024, you owe an amount based on the apartment's value at 31 December 2024 (this payment was due in mid-2025), and by late July this year (or right now, if you like) you should pay again for the value of the property on 31 December 2025.
2. The current government has increased the tax-free threshold to a quite high amount (384,000,000 pesos currently, I think); however, as in many other countries, Argentina does not extend tax-free thresholds to non-tax residents. So the accountant will calculate the tax payable (0.05% of whatever the apartment's value is calculated to be) from the first peso of value.
3. The other wrinkle is that you will need to identify to your accountant an Argentine tax resident willing to be your sustituto responsable to pay the tax for you.

(A long-time contributor to this forum will tell you that when he first bought an apartment in the late 2000s, nobody told him that the tax existed and he didn't pay it for years until he went to sell the property, at which time he discovered the debt and settled it in order to be allowed to sell. It's quite possible that other non-tax resident foreigners own property here and don't know about or bother to pay the tax.)

".....of whatever the apartment's value is calculated to be": in fact this is the fiscal value (Valuación Fiscal Homogénea).
In general it's much much lower than the actual value.