Argentina – Property Taxes

When buying or selling a property in Argentina, it is important to be aware of the taxes and fees involved in the process.

Property Tax

In Argentina, property tax is known as Impuesto a los Bienes Personales (IBP). It is a yearly tax that is based on the assessed value of the property and ranges from 0.25% to 1.5% of the property’s value. The tax rate varies depending on the province and municipality where the property is located.

Capital Gains Tax (CGT)

Taxes and Fees in House Purchasing/Selling inCapital Gains Tax is a tax on the profits made from selling a property. In Argentina, CGT is calculated as a percentage of the sale price and ranges from 15% to 35%. The exact percentage depends on the individual’s tax bracket and the length of time the property was held.

Inheritance Tax

In heritance Tax in Argentina is known as Impuesto a las Sucesiones. It is a tax on the transfer of assets from a deceased person to their heirs. The tax rate varies depending on the relationship between the deceased and the heir, and can range from 1% to 35%.

Gift Tax

Taxes and Fees in House Purchasing/Selling inGift Tax in Argentina is known as Impuesto a los Donativos. It is a tax on gifts of property or assets from one person to another. The tax rate is calculated based on the value of the gift and ranges from 1% to 35%.

Tax on Property Income

In Argentina, tax on property income is calculated as a percentage of the rental income received. The tax rate varies depending on the individual’s tax bracket and ranges from 0% to 35%.

Tax Advantages in Buying a House in Argentina

Taxes and Fees in House Purchasing/Selling inThere are some tax advantages for those who buy a house in Argentina. For example, the interest paid on a mortgage can be claimed as a tax deduction, reducing the individual’s tax liability. Additionally, property tax and tax on property income can be offset against other taxable income, further reducing the individual’s overall tax burden.

It is important to seek advice from a tax professional to fully understand the tax implications of buying or selling a property in Argentina. Reliable, up-to-date information on taxes and fees involved in house purchasing/selling in Argentina can be found through the website of the Argentina government’s tax authority, AFIP (Administraci√≥n Federal de Ingresos P√∫blicos).