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Inheritance

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Cali222
  9/21/2020 17:40 EST

Can anyone tell me if one was to a receive an inheritance , would you be taxed on it in colombia

elpdiver
  9/21/2020 20:19 EST

Possibly,

It depends on a number of factors. In my particular case I will avoid becoming
a tax resident for some time for that various.

Elpee

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Electricista
  9/22/2020 10:40 EST

"There is no inheritance tax, but the inheritance will be considered as a capital gain so it will be taxed at a rate of 10 per cent. "

https://content.step.org/jr-colombia

However, if you receive the inheritance outside of Colombia in a country where it is not taxable (for example Canada), the inheritance will never be mentioned in your Canadian income tax return. Unless you planned to bring it into Colombia, how would Colombia ever learn of it?

Elexpatriado
  9/22/2020 11:13 EST

If you told DIAN about it, I am sure they would be happy to take as much of it that you were prepared to offer them..

Elexpatriado
  9/22/2020 11:17 EST

Electricista

Some people have this machocistic obsession with giving their hard earned money away to as many global government entities as possible

elpdiver
  9/22/2020 19:15 EST

Electrista,

It could also affect your patrimonio if you so chose to reveal.

elpeedee

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We have over 10 years of experience helping foreigners obtain visas, invest, and do business in Colombia. Take the stress out of immigrating to Colombia by working with an experienced, bilingual immigration attorney.
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srhsnh1807
  9/22/2020 19:33 EST

I have a tendency to lay low, don't bring attention to myself, don't open any financial accounts in Colombia and least of all tell the government I just inherited a lot of money.

Elexpatriado
  9/22/2020 19:58 EST

I already spent mine about 6 or 7 years ago.

We didnt think about this crap back then, now it is all over the Expat sites.

If it isnt global warming its Covid,,if it isnt that its taxes..

OOOO..the sky is fallling! The sky is falling!!

Better get under the bed!

But dont wrap that mattress tag off when ou are down there..could be 5 to 7 years in jail!!!

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