Best Move I Ever Made

[earlyretirement]

I believe the old forum said most people weren't paying annual asset taxes as well and IIRC sounded like it was easy to avoid, but like you said sounds like there's penalties at some point for not paying.

I wonder if even though your friend wasn't collecting rent, the fact he had a friend staying there, AFIP used it against him. I recall somewhere, somebody said they check the light bills and can use that to say whether somebody was occupying the place or not. Somebody more knowledgeable may be able to confirm or dismiss this.

HOAs seem to be all over the place, the other day I was on zonaprop and saw a place about the same size as mine w a 400k listed expensas going for 150k USD for the unit.

I haven't paid any income tax in Argentina and my property manager has been deducting annual property tax which as Piranha mentioned above has been about 1%. No word on the deed yet either.

All good information. Most locals don't pay annual asset tax on their properties. Most locals break the law. Most locals are operating in black in some way, shape or form. You get no annual property tax statement in the mail like the USA. It is your obligation to hire an accountant. Just be careful. My close friends in Argentina that own 20 apartments DO pay their asset taxes on all their properties in Argentina. She is an accountant and tells me the penalties and interest for not paying are massive. She has people that have gotten audited and have to pay huge back taxes and penalties.

Just remember as a non-resident foreigner you have to have a local as your local tax substitute so keep that in mind. You can't just do it on your own. So talk to a good accountant. Also, up until Milei, you had to get a special permit when you sold if you didn't have a DNI and part of that process was making sure you paid rental taxes and annual asset taxes. Milei got rid of that but you never know when it will come back.

So always good to talk to an accountant.

 

[TonyTigre]

It's said that nothing in life is certain except for death and taxes...

 

[JonJLA]

It's said that nothing in life is certain except for death and taxes...

Agreed! I have found if you don't pay taxes they end up getting you one way or another! I would rather pay and sleep at night.

All good information. Most locals don't pay annual asset tax on their properties. Most locals break the law. Most locals are operating in black in some way, shape or form. You get no annual property tax statement in the mail like the USA. It is your obligation to hire an accountant. Just be careful. My close friends in Argentina that own 20 apartments DO pay their asset taxes on all their properties in Argentina. She is an accountant and tells me the penalties and interest for not paying are massive. She has people that have gotten audited and have to pay huge back taxes and penalties.

Just remember as a non-resident foreigner you have to have a local as your local tax substitute so keep that in mind. You can't just do it on your own. So talk to a good accountant. Also, up until Milei, you had to get a special permit when you sold if you didn't have a DNI and part of that process was making sure you paid rental taxes and annual asset taxes. Milei got rid of that but you never know when it will come back.

So always good to talk to an accountant.

You taught me Mike long ago to just do things right in Argentina. I'm still using the accountant that you recommended and she is great! She does my annual property taxes. In fact, she just did it! Always due around May. She is my substitute and she told me she doesn't take on any new clients unless she knows them or they were recommended by someone she knows. I didn't know but they are responsible for all your finances and taxes.

I think it's crazy that some foreigners aren't paying their asset taxes here. I met a few Americans that bought here and just don't do anything except pay their ABL bills. Many have problems when they go to sell.

I'm lucky. I bought a long time ago so I'm grandfathered in. When I sell I pay 0% capital gains tax either. But I will never sell my apartment in Palermo Uno. I have a great view and they can't build high-rises in this area.

 

[Avocado]

It is good some of you with dollar incomes and savings are living your best life. Meanwhile many locals are struggling.

https://www.reuters.com/world/americas/mileis-argentina-economic-miracle-not-everyones-winner-2025-05-05/

 

[Johnny]

It's said that nothing in life is certain except for death and taxes...

Very true Tony! I work for one of the largest banks in the USA. I'm a wealth manager and almost all of my income from work is all W2 so I have no place to hide! Very true about death and taxes. But I started building up my real estate portfolio and it has been a big help with getting tax free income. Love it!

Agreed! I have found if you don't pay taxes they end up getting you one way or another! I would rather pay and sleep at night.


You taught me Mike long ago to just do things right in Argentina. I'm still using the accountant that you recommended and she is great! She does my annual property taxes. In fact, she just did it! Always due around May. She is my substitute and she told me she doesn't take on any new clients unless she knows them or they were recommended by someone she knows. I didn't know but they are responsible for all your finances and taxes.

I think it's crazy that some foreigners aren't paying their asset taxes here. I met a few Americans that bought here and just don't do anything except pay their ABL bills. Many have problems when they go to sell.

I'm lucky. I bought a long time ago so I'm grandfathered in. When I sell I pay 0% capital gains tax either. But I will never sell my apartment in Palermo Uno. I have a great view and they can't build high-rises in this area.

It is crazy that people will buy in another country and not really understand the tax laws. The first thing I do when I buy is get a good accountant that focuses on non resident issues and also resident issues. I'm working on getting my residency in Mexico now.

Always better to do things right.