SELLING property in Colombia

[adventuro]

I was wondering if anyone here has bought property in Colombia AND SOLD IT............I have heard that there is a 46% or so tax on the sale of property and you can not send money out thru the banks unless you have paid the tax.  There, I guess, are several forms that need to be filled out BEFORE, or maybe RIGHT AFTER, one buys property in order not to have to pay this high tax.  None of the realtors that I have talked to in Colombia have any idea what I am talking about.  Of course, they just want to sell you a property.  I know that a lot of guys have BOUGHT property in Colombia, BUT have not heard anybody that has sold it and TAKEN MONEY OUT OF COLOMBIA.   Is there anybody that has sold property or knows of someone I could contact that has done it?  Appreciate any info on this topic.  thanks

[Gator]

... in response to SELLING  property in Colombia, posted by adventuro on Oct 8, 2005

go to this site:

http://www.coinvertir.org/html/i_portals/index.php

click on the subject that interests you.

The most important thing you need to remember is to complete Form 4 and Form 11 without doing this you can be subject to HEAVY penalties especially if you want to repatriate the funds..  I suggest you consult an attorney in Bogotá

[Calipro]

... in response to SELLING  property in Colombia, posted by adventuro on Oct 8, 2005

I can answer your questions if you like but I'm not going to write a book here.

Send me an e-mail and I'll send you my phone number. Also it wouldn't hurt to go to www.poorbuthappy.com and do a site search on buying property before giving me a call.