The real estate sector and tax reform

By:
Mauricio Subía

On November 29, 2021, the Law for Economic Development and Fiscal Sustainability after the COVID-19 pandemic was published in the Official Gazette. This regulation reformed several legal bodies and will surely have an impact on several sectors.

In the real estate sector, regulatory changes must be considered in relation to the tax regime for the assets of individuals and legal entities, inheritances and legacies, occasional sales, and changes in the instrumentation of housing loans, among others.