Real estate VAT recovery

Real estate taxation for investors. Optimize your tax burden, re-invest in new assets and obtain additional cash flow with our advice to individuals and companies.

*Benefit applicable only from the 3rd DFL2 onwards in the case of residential properties

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Real estate taxation system

+10 applied tax benefits

From VAT refunds, instant depreciation and other tax techniques, discover how our advice generates a return on investment (ROI) that can help you reduce your tax burden, meet obligations and obtain additional flows.

Get additional cash flow

Maximize your investment with more cash flow, obtaining 12 to 16% of the purchase value of the property. La Return of the remaining tax credit can help you reinvest in other assets in a tax-efficient manner.

Your financial goals ahead

You have unique needs. That's why we offer you a strategy to optimize your tax burden (reinvestments, deferral, exemptions and effective tax savings).

More than just a VAT refund

We believe that the return is only one (important) aspect to consider in the entire strategy. We will recommend current best practices

Process

Step by Step

Our process and legal team will guide you step by step. From registering your Individual Company, to guidelines for maintaining your operation, NSS includes everything you need to manage your tax structure with efficiency and compliance.

0
1
2
3
4
01
Start of Activities

Temporal order is key

Before we begin, we will inform you of the steps and initiate First Category activities before SII, an essential step to operate legally and access tax benefits. With this registration, we will then proceed to the signing of Deeds of Sale.

02
Furnished and leased

Start renting and billing

As the property is properly furnished, when the lease is executed, it must be furnished. We advise you to accumulate the corresponding tax credit. This credit can be used to reduce your tax burden or request a refund of the VAT paid.

03
Submission of application

SII Audit

We prepare and review all the necessary documentation to submit your application to the SII correctly and efficiently. We manage the process to ensure that you get your return quickly, without errors.

04
Reinvestment and compliance

Receive the funds in your account

Once the SII approves the request, we manage the return of the accumulated tax credit. This reimbursement improves your cash flow, allowing you to reinvest those resources in your company in a strategic way.

All-in-one plan

Recover VAT and stay in compliance

We have created transparent plans for the real estate investment cycle

Monthly Billing
Initial fee
Everything you need to prepare the structure
$550,000
‍When starting the services
Get started
Key Features:
  • Power of attorney for the client before the SII
  • Declaration of Initiation of Activities in the First Category
  • Asset Allocation Records
  • Creating Balance Sheets and Accounting Books
  • Request for the Return of Remnants using F. 3280
  • Obtaining a Municipal Patent in Las Condes
  • Tax address for 12 months
  • Shared Drive folder for customer documentation
  • Ongoing advice and support
Honorary of success
5% discount
Success Fee when receiving funds in your account
10% VAT recovered
When you receive the money
Get started

  • Coordination with SII supervisors
  • Submission of Administrative Appeal (RAV) in case of unjustified rejection by the SII (client defense)
  • Direct transfer of funds to the customer's account
Monthly Accounting
Monthly maintenance of the structure
3 UF /month
Up to 4 units
Get started

  • SME and 14A Regime
  • Fixed Asset Depreciation (expense)
  • F29 Monthly Compliance
  • Dedicated accountant
  • Control and record keeping
  • Representation before institutions
Annual Income Operation
Affidavits and Form F22 for Real Estate Investors
15 UF /annual
In April of each year
Get started

  • Determination of the first Category tax result as of December 31 of each year (Taxable Liquid Income affects first category tax or Complementary Global Tax, as appropriate).
  • Determination of Tax Equity, as of January 1 of each year.
  • Determination of Business Records, as of December 31 of each year.
  • Preparation of Affidavit of Income Tax and their respective certificates, which must be submitted in each tax year.
  • Annual balance sheet as of December 31

Show all features

Monthly Statements
Starter
3 UF/month
Get started
SME
4 UF/month
Get started
Business
7 UF/month
Get started
Enterprise
Personalized price
Get started
Form F29
Monthly tax returns that, legally, must be withheld and entered in tax coffers, for example, Value Added Tax (VAT) and Monthly Provisional Payments (PPM), Second Category Single Tax, among others.
Form F50
This is Form No. 50 on “Monthly Declaration and Simultaneous Payment of Taxes”, through which various taxes are declared and paid with different legal due dates, for example,
the Additional Tax (Withholding)
10
20
Unlimited
Annual Income Operation
Tax Determination
Determination of the first category tax result corresponding to the business year. (Taxable Liquid Income affects first-rate taxes or Complementary Global Tax, as appropriate).
Tax Equity Determination
In accordance with the provisions of the Income Law (No. 1, of Article 41 of the LIR), Tax Equity is equivalent to the difference between assets and liabilities, with all intangible, nominal, transitory and order securities and others determined by the SII that do not represent effective investments being reduced beforehand.

The businessman's securities that have been incorporated into the business's business must form part of this own capital, and excluding from accounting, in the case of taxpayers who are natural persons, assets and debts that do not give rise to income taxed in the First Category or that do not correspond to the business, activities or negotiations of the company.
Additional 20 UF
30 UF
Unlimited
Determination of Business Records
Business Income Records are tax records that must be prepared annually by companies, whose main objective is to record and control all income generated, such as those that are available to be withdrawn, remitted or distributed to the corresponding owners.

The most important thing in these terms is that business records allow taxpayers to control and allocate the credits that must be charged at the end of the business year.
10
20
Unlimited
Preparation of Affidavits and Form 22
Preparation of Affidavits of Income and their respective certificates, which must be submitted in each tax year (Remuneration, Withholding, Rejected Expenses, Withdrawals and Credits, Dividends, Payroll of Shareholders, Annual Tax Characterization, Statement of Balance Sheets, Net Income, others).
10
20
Unlimited
Tax Reports
8-column balance sheet
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Income Statement
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Additional 20 UF
30 UF
Unlimited
Feature 2
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10
20
Unlimited
Frequently Asked Questions

We have the answers

How to get started?
Upon accepting the quote, the initial contracts are submitted to begin with and we will share a folder for us to move forward with the documentation.
Do I lose tax benefits when I recover VAT?
By opting for a VAT refund, benefits associated with properties owned by individuals are lost; such as the possibility of reducing mortgage interest from our Global Supplementary Tax and the 8,000 UF of higher value that does not pay taxes due to alienation. Therefore, we recommend recovering VAT from the 3rd unit onward that you have as a natural person.
How long does the process take?
6 months — from the writing of the purchase and registration until TGR deposits in your bank account, provided that all the requirements are met.
Are they safe, are they certified, are they experienced?
NSS has more than 8 years of experience and more than 50 happy customers with their VAT refund. All our professionals are qualified lawyers, lawyers and auditors and come from the best educational institutions in Chile. We are committed to safety and trust, maintaining up-to-date certifications that guarantee the quality and safety of all our processes and services.
When should I get ready to start?
The best time to get advice is BEFORE the deeds of sale. This way we will be able to properly structure your individual entrepreneur and avoid rejections before the SII.
DFL2: Can I only recover VAT from my 3rd DFL2 property onwards?
Yes. To be eligible for the return as a Natural Person of a DFL2 property (less than 140m2 built), you must have 2 or more of them registered. This is because the first 2 DFL2 of natural persons do not pay rent or VAT (and that is why the SII indicates that there is no VAT to return).
Can I combine properties in my Natural Person and assign the others to my individual entrepreneur?
We always recommend maximizing tax benefits for both “pockets”, so we will always review your properties and recommend the figure that best suits this strategy.
If SII rejects my request, do they file legal remedies against the SII?
Yes, we represent clients before the SII to request that they approve rejected requests, provided that the client has met all legal requirements.
What is meant by furnished property?
The SII defines furnished residential property as one that has sufficient furniture for eat and spend the night (sleep). We therefore recommend beds, kitchen utensils, chairs, dishes, kitchen, refrigerator, bed and bed linen, among other items. You must also buy everything with an invoice after the start of activities to avoid refusals.
DFL2 Can I only recover VAT from my 3rd DFL2 property onwards?
Yes. To be eligible for the return as a Natural Person of a DFL2 property (less than 140m2 built), you must have 2 or more of them registered. This is because the first 2 DFL2 of natural persons do not pay rent or VAT (and that is why the SII indicates that there is no VAT to return).
Actuality

News that influences this consultancy

Legal alerts for SII news and resolutions

CMF emite Norma de Caracter General 502

La NCG N°502 deroga las Normas de Carácter General N°493 y N°494 para establecer en un único cuerpo normativo, las instrucciones y exigencias para los prestadores de servicios financieros a los que se refiere el Título II de la Ley Fintec.
Clemente Hernández Gemigniani
January 14, 2024
Why NSS

Optimize your real estate investment

We have experience both in the process, requirements, avoiding errors and the ability to file legal remedies for rejections for clients to reinvest and diversify

UF 52,000
Amount of VAT recovered
We have helped our clients to recover VAT tax debit of more than UF 52,000 legally and ensuring current tax compliance at all times.
3x
Reduction of errors
We have streamlined the configuration of international legal entities in Chile, being three times faster than the average legal industry in Chile.
80% success
NSS Customer Success Rate
Our qualified clients who meet the requirements and follow recommendations from our team report a high success rate — and if they are rejected without justification, they are defended.
6 months
Average process duration since purchase
We are quick to onboard the customer to our systems; we give you access to shared folders and guide you through the process at all times.
ROI advice
Return on Investment in Services
We have created financial models that, starting with the third property (having used the available DFL2 benefits), the consultancy provides financial gains*
RAVs
Legal Resources and Defense
Our legal team supports and includes legal defense before the SII in cases where, despite considering that we comply with the regulations, the SII rejects our request.
-97%
Reducing Legal Risks
We guarantee full compliance with current regulations, minimizing the likelihood of SII fines and sanctions and representing clients in external audits.
Contact

Let's talk about your next project

We don't have a sales team. Our team receives requests directly.

WhatsApp

We are available 24/7 to answer your questions about any of our services.

Let's talk now

Email

We respond quickly. Write to us and we will help you with any questions.

chernandez@nss.cl

Telephone

Call us to answer your questions instantly. We're here to help.

+ (569) 9884 6348

Office

Schedule a visit and let's talk in person. We will be happy to welcome you.

Manquehue No. 151, Of. 1205, Las Condes, Santiago