Argentina taxes on property sales

A reminder that the tax situation differs in Argentina for property sales based on how you hold title. This is from the March 2010 Harvest Celebration bulletin.

Are there any Argentine transfer taxes if I decide to sell?

As an individual a one time 1.5% tax is payable on the sales price. If you own your property through a foreign corporation, you will pay a tax equivalent to ordinary income tax, of 35% for the fiscal results of the corporation, on any appreciation earned. Relief is available for one calendar year when purchasing another property.

There are no Argentine capital gains taxes payable by an individual, on a sale.