There is until September 30 to deposit cash into the financial system. What are the market expectations and why are bricks and mortar still an attractive investment alternative?
The recent promulgation of the Money Laundering Act in 2024 has opened a unique opportunity for investors in the real estate market of the City of Buenos Aires. This legal framework not only facilitates the regularization of undeclared assets, but also offers attractive tax incentives, especially for those who decide to invest in real estate projects under construction.
“One of the most attractive benefits of this law is that investments in buildings with less than 50% progress are exempt from paying the money laundering tax. This means that those who allocate their regularized funds to these projects will be able to do so with a 0% rate, which is a key incentive to mobilize capital towards urban development,” he explains. Alex Sakkalpartner of Nomad Group and Real Estate expert.
This 0% rate scheme applies exclusively to investments in projects that are registered in the Real Estate Projects Registry (REPI), as long as the progress of the work does not exceed 50% at the time of the investment. This measure is designed to stimulate the completion of works in progress and to boost the construction sector, which has shown remarkable growth.
“This project is especially interesting for ‘small money laundering’ because it allows you to launder up to 100 thousand dollars without any special cost, and in fact it can be 100% cash, with a deadline of September 30, which is one of the most attractive points for potential investors,” he adds. Miguel The Viewpartner of The Casal View and specialist in tax issues.
Similarly, “funds deposited in foreign bank accounts that are repatriated can also be laundered at zero cost. There is also a very strong incentive to deposit money from safe deposit boxes in the bank. In addition, another interesting issue is that the money that is laundered by depositing it in a special laundering account has a fairly wide menu of investment options, in new real estate, shares, securities and mutual funds,” he continues. The View.
The only decision that the investor has to make before September 30 is the amount that he wants to regularize and deposit it in a Special Account for Asset Regularization (CERA). “After that point, he can decide with peace of mind where and how to invest his money, being able to choose the venture that best suits his needs. This flexible approach allows investors to adapt to market conditions and select projects that maximize their returns,” he adds. Sakkal.
“In short, the Money Laundering Law not only facilitates the regularization of assets, but also promotes investments in the real estate sector with extremely favorable tax conditions,” he concludes. Sakkalwhile The View He adds: “It is very difficult to estimate how much income this can bring, but it is essential not to make a hasty decision regarding the investment of laundered money. It is important to take advantage of the September 30 deadline to be covered by all these tax amnesties.”
Source: Ambito
