Buenos Aires Real Estate

PROPERTY TRANSACTIONS
The implementation of real estate value of reference (VIR according to its abbreviation in Spanish).
It is a modification of the Fiscal Code of the City of Buenos Aires under Resolution 67/2010, CABA which sets a real estate value of reference for every act, contract or transactions that are taxable with the tax of stamps and to be performed by a notary . This update was implemented according to what was published in ten neighborhoods, and will soon cover the rest. The Government Administration of Public Revenue (AGIP according to its abbreviation in Spanish) will annually update the values.

This is a new obstacle that when purchasing a property it is added to higher costs when evaluating the investment and act in reverse to the intended effect that is clearly collecting money.

Let’s take an example; if a unit is sold at a price of $ 480,000, at the time of giving the deed of sale, we enter in the page of AGIP for them to report the VIR. To do this you enter the appropriation number of the property in question, which may arise not available (in the case that in that neighborhood is not in force VIR yet) or reports that the VIR is $ 400,000, in which the stamp tax (2.5%) is paid over $ 480,000, which is the price of the transaction and it is the higher value. It adds that the AGIP can inform that the VIR of such property is $ 520,000, i.e higher than the operation, in which case the stamp tax is  paid on the latter value, because it is the highest to consider.This consult is valid for 10 working days, period in which the deed can be  given, and if the same one is put back for any reason, you must reapply for VIR. There are also certain amounts of the buying-selling deed which are also calculated on this higher value. In the deed it shall be recorded the amount of the VIR or not available (because the neighborhood has no current resolution).

Dear traveler, we give you some piece of advice to rent an apartment in Buenos Aires by Internet, some important conditions.

Crucial requirements to choose an apartment in Buenos Aires:

* The company you choose must be affiliated with any government agency to support
its trajectory. If it is a travel agency must have a license (EVT = business travel and tourism), or if it “only” has apartments for rent it must be enrolled in the chamber of property.

* The company must have a physical place. It must be based on an address and telephone number, both displayed on the website.

* If the company had reservations on-line, the page should be safe, and must disclose the reservation conditions. If the reservation is not online, you must send by fax the form with your credit card details to make the reservation.

* The price must have included has the cost of electricity, gas, water and telephone for local calls.

* If there are problems in the property at the moment of your arrival, the agency must move into an apartment similar or return the money.

* The company must make an inventory with the prices things from the apartment, and it must be signed by the agency and by the guest. This ensures the passenger that at the moment of check out, the agency can only deduct the amount set out in the inventory, and return the rest of the security deposit, (if there was any rupture).

* Any company is required to charge to host any breakage has been done by the misuse of property, since this may verify that you want to incorporate an apartment in the network, care for your property the same way.

* Any company is required to charge to the host any breakage done by the misuse of the property. This way you will see, that if you want to incorporate an apartment in the network, the agency will ensure the same care to your property.