On 5 October 2026, the Colombian tax authority clarified the income tax exemption regime for Social Interest Housing (VIS) and Priority Interest Housing (VIP) projects through a new regulatory guidance. The guidance details specific requirements for parking spaces, autonomous patrimonies, and land subdivisions to qualify for the exemption. These clarifications are critical for real estate developers and investors structuring affordable housing projects. The guidance references Articles 235-2 and 235-3 of the Colombian Tax Statute and applies to projects approved after 1 January 2026.
Key Takeaways
- Parking Space Requirements: The guidance specifies that parking spaces must be directly linked to the housing unit and cannot be sold separately to maintain exemption eligibility.
- Autonomous Patrimony Structures: Projects using autonomous patrimony vehicles must ensure that the vehicle’s sole purpose is the development of VIS/VIP housing to preserve tax benefits.
- Subdivision Rules: Land subdivisions within VIS/VIP projects must comply with municipal urban planning norms and cannot result in units exceeding the maximum price thresholds.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement