Expat Community > Colombia

mtbe
Joined 2015
Posts: 875

Colombian Property Declaration

10 years ago

My wife (Colombian) and I (USA) purchased a 'finca' near Pereira in Colombia last year. She has dual citizenship and I do not (again, USA).

Both our names are on the property. I'm not sure what she did, but she says she declared 50%....her half. I don't think this is correct...I don't have to declare any of the purchase in USA. I will if we collect rent, or other income, from it.

Anyone have experience with this? On what we need to do with the property declaration in Colombia? We make about $35us rent monthly on it, so we do declare that in both Colombia and USA.

I just don't know how she only declares 50%. Any ideas?

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Expat Community > Colombia

Colombian Property Declaration