天美麻豆

1.听 Capital gains tax in Colombia is 10 percent.

2.听 A good accountant may know some tricks to avoid paying the full 10 percent.

3.听 Don't buy property in South America if you expect to put it back on the market in under two years.

4.听 Re-selling property in South America often takes much more time than an Expat predicts -- frequently years.

cccmedia in Departamento de Nari帽o

That's not quite the way I understand it, Andymedellin, not since December 2012, although it appears that yes, you could pay 33% but not as capital gains, just as ordinary income tax.听 If you sell it in less than two years, it is not considered as a capital gain but as ordinary income - the amount of any gain is added to your existing renta l铆quida and you pay the normal income tax on that in your declaraci贸n de la renta.听 See


"Supongamos que la renta l铆quida gravable de la persona natural es de 1.000 Uvt y vende un activo fijo que no ha estado en su poder por dos a帽os y que le deja una ganancia ocasional de 500 Uvt.
En este caso, la ganancia ocasional se trata como renta l铆quida, de suerte que la renta l铆quida total del contribuyente ser谩 de 1.500 Uvt, debiendo pagar un impuesto considerable."

Otherwise (selling it after two years) it is considered a ganancia ocasional since the reform of December 2012 and any gain would be taxed at a fixed 10% (subject as cccmedia says, to any manipulations by a good tax specialist).听 See


"La tarifa de la ganancia ocasional antes de la vigencia de la reforma tributaria expedida en diciembre del 2012, era del 33% sobre la diferencia entre el costo fiscal y el valor de la enajenaci贸n, a partir de dicha reforma la tarifa fue fijada en el 10%, la cual ser谩 aplicable para las ganancias obtenidas a partir del a帽o gravable 2013.
Es decir que si usted adquiri贸 su casa por 50.000.000 y dos a帽os despu茅s realiza una transferencia por 100.000.000 el valor a pagar sera del 10% de la diferencia es decir 5.000.000"

However, I advise you to seek professional help from a Colombian tax attorney/accountant to see what they say.

To confirm the ten-percent tax on capital gains, you may do a simple google search:

听 capital gains tax in Colombia

Naturally, a competent accountant can massage this fact in your favor .. and it's conceivable that the holding time may have an impact on your result.听

Ipso facto:听 YMMV.

听 -- cccmedia

Although Brother Archer's reference to 2012 regulations may still be accurate in 2017, I consider five-year-old regulations in this area of Colombia law to be suspect.听

The taxation rules get changed in many years .. a lot of stuff doesn't get reliably and timely posted on the Internet .. and only a competent tax specialist who follows this stuff constantly is a reliable source on current reality.

cccmedia

The rules explained above seem to make perfect sense and are quite generous.