peterp
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- Oct 23, 2010
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I own two properties in Argentina. I'm a permanent resident with DNI, my Bienes Personales and Montoributo payments are up to date. ie. I'm legal in the country and paying all taxes I owe.
I'm thinking of selling the property in Palermo. Theoretically let's say I bought the property 5 years ago for u$s 50k and selling it for u$s 100k. I am just wondering what problems I will encounter with the sale from the official side of things. My income comes from renting this property, hence Monotributo.
1: Is there Capital Gains Tax in Argentina if so how much? Am I liable, any way to reduce liability?
2: Is it possible to receive payment direct to my Argentine bank account without paying exorbitant fees, or are deals still done in cash?
3: What % fees are there for the sale?
4: Will I have problems transferring the sale proceeds from my Argentina bank account to my UK account?
Anything else I should be aware of, I've only ever bought property, this will be my first sale.
Thanks in advance.
I'm thinking of selling the property in Palermo. Theoretically let's say I bought the property 5 years ago for u$s 50k and selling it for u$s 100k. I am just wondering what problems I will encounter with the sale from the official side of things. My income comes from renting this property, hence Monotributo.
1: Is there Capital Gains Tax in Argentina if so how much? Am I liable, any way to reduce liability?
2: Is it possible to receive payment direct to my Argentine bank account without paying exorbitant fees, or are deals still done in cash?
3: What % fees are there for the sale?
4: Will I have problems transferring the sale proceeds from my Argentina bank account to my UK account?
Anything else I should be aware of, I've only ever bought property, this will be my first sale.
Thanks in advance.