LAWS

 
LAWS & TAXES

Argentina allows almost unrestricted land and property ownership by foreigners*. Real estate is held in the freehold form and can be acquired by individuals and corporations. Under the Argentine constitution foreigners have the same property rights as Argentine nationals.

The legal process of buying property in Argentina is relatively straightforward. The purchaser must obtain a tax registration number, known as a CDI. The whole purchasing process takes approximately four to six weeks.

 The cost of buying property varies from province to province, as the taxes and the fee regulations also vary provincially. For property in the City of Buenos Aires, the total purchase expenses may be estimated at 5 - 6% of the purchase price. For the Province of Buenos Aires the percentage may be estimated at 7 - 8%.

Annual taxes come to no more than 1.5% of the total value of the property.

There is no capital gains tax in Argentina, which is a major advantage for individuals buying and selling property.
           
* The only restriction concerning foreign real estate ownership applies in the immediate vicinity of Argentina’s borders. In these cases ownership is subject to prior governmental approval.

 
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