A GUIDE TO BUY REAL ESTATE IN BUENOS AIRES
REAL ESTATE SELLING PROCESS
When the owner wants to sell his property, he must first decide on the price at which it would sell. So, he should call different real-estate agencies to conduct an appraisal of the property. Then he should choose which real-estate agency he wants to hire. Generally, the chosen real-estate agency will advertise the property on the Internet and in newspapers (mainly, local papers Clarín and La Nación), apart from showing it to potential buyers and informing the owner about the different offers people make.
If the owner is a foreigner living abroad, he should request for a special permit to sell the property from the A.F.I.P. Without this document, the escribano cannot register the property sale. By means of this document, the A.F.I.P. certifies that the property owner has paid all the corresponding taxes. After signing the title deeds, the property is transferred to the new owner.
As regards taxes, the foreign owner must bear in mind that in Argentina there is no capital gains tax. However, there exists the real property transfer tax of 1.5% of the sale price, which generally foreign owner must pay. Argentine owners are exempted from paying the real property transfer tax if they manage to demonstrate that the money obtained after selling the property will be used to buy another property in Argentina. Otherwise, the escribano is obliged to withhold said 1.5% when signing the title deeds.
If the owner is a foreigner living abroad, he should request for a special permit to sell the property from the A.F.I.P. Without this document, the escribano cannot register the property sale. By means of this document, the A.F.I.P. certifies that the property owner has paid all the corresponding taxes. After signing the title deeds, the property is transferred to the new owner.
As regards taxes, the foreign owner must bear in mind that in Argentina there is no capital gains tax. However, there exists the real property transfer tax of 1.5% of the sale price, which generally foreign owner must pay. Argentine owners are exempted from paying the real property transfer tax if they manage to demonstrate that the money obtained after selling the property will be used to buy another property in Argentina. Otherwise, the escribano is obliged to withhold said 1.5% when signing the title deeds.
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Real Estate Selling Process « you are here
When the owner wants to sell his property, he must first decide on the price at which it would sell. So, he should call different real-estate agencies to conduct an appraisal of
* The following information concerns the requirements and legal process to buy and sell real estate in Buenos Aires. You may find some differences in the real estate buying or selling process used in other Argentine cities.
