This will be the first of a series of articles about selling in different South American Countries
What does COTI mean?
The COTI is the ” Real Estate Transfer Code” (“Código de Oferta de Transferencia de Inmuebles”) necessary to sell a property (residential or commercial ) with a value exceeding AR 300,000.
Do I have to obtain the COTI to sell my property?
Yes, if you are an owner planning to sell your property that exceeds the value of AR 300.000, then you will have to obtain the COTI.
Who must request for the COTI?
The owner/seller of the property. Or your accountant can get it for you.
How do I obtain it?
a) On the Web page: www.afip.gov.ar , under the option ” Código de oferta de transferencia de inmuebles “
b) By telephone(0800-999-2347)
c) Sending an SMS (text message)to the cell phone number 2347 “AFIP”
How much does it cost?
It has no cost to the vendor
Does it expire?
No, the COTI does not expire.
Can the notary register without the COTI?
No, it’s necessary to have the COTI number to register it with a notary
Is it a tax?
No, it’s not a tax. It is an information code
Is it possible to modify the COTI of a property?
Yes, it can be modified.
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.
The Gateway Team – When You are Serious About Property
www.gatewaytosouthamerica.com
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Founded in 2004, GTSA began as a single office in Buenos Aires. Since then, it has grown into a vibrant regional network, providing professional real estate marketing services to clients in AR, BR, CL, PY, PE, and UY.
