Taxes & Costs for Foreign Property Buyers in Colombia

Colombia's ownership costs are modest by international standards. Here's an overview of what to expect — figures are indicative and should be confirmed with your advisor for your specific case.

At purchase

Closing costs are typically shared by custom and usually total in the low single-digit percentages of the price: notary fees, registration tax and the beneficencia (registration duty), plus your legal fees. Buyers commonly budget roughly 3–5% in transaction costs.

While you own

The annual property tax (predial) is levied by the municipality and generally falls within a fraction of a percent to about 1% of the cadastral value each year. HOA/administration fees apply in condominiums and gated developments.

On rental income

Income from renting your property is taxable in Colombia. Short-term tourist rentals also require a Registro Nacional de Turismo (RNT) registration. Rates and deductions depend on how you hold the asset (personally vs. through a company).

On sale

Gains on a property held for more than two years are generally taxed as an ganancia ocasional (occasional gain) at a flat rate of 15%; shorter holds may be taxed as ordinary income. Proper foreign-investment registration at purchase is what allows clean repatriation of your capital and gains.

This article is general information for international buyers and does not constitute legal, tax, or immigration advice. Lux Haven Collection connects you with vetted Colombian attorneys and accountants for guidance specific to your circumstances.