Exchange records
If the money for your purchase wasn’t channeled and registered as foreign investment, sending sale proceeds home through formal channels can be delayed until the records are corrected.
What owners often do Check their exchange declaration and registration early, while the purchase records are easy to find.
In the kit: BanRep records pack, self-audit workbook. Source: Banco de la República, investment regime
Colombian income tax
Rental income from a Colombian property is Colombian-source income, even if you live abroad. If a required income tax return is never filed, DIAN’s sanction can reach 20% of the bank deposits or gross income DIAN determines, or of the gross income in your last return, whichever is higher, and it may be reduced (Estatuto Tributario arts. 643 and 640). Filing late but before a DIAN summons (emplazamiento) adds, when tax is due, 5% of the tax per month or part of a month, up to 100% of the tax; other bases apply when no tax is due (art. 641; checked October 18, 2026).
What owners often do Ask a certified public accountant each year whether they must file, then put the deadline in their calendar.
In the kit: calendar, accountant question list, tracker. Source: Estatuto Tributario arts. 641 and 643
Property tax (predial)
Property tax comes due every year whether or not you’re in the country. Late balances accrue daily interest at the usury rate minus 2 points, reset monthly. Request a current assessment from your municipality. Bogotá's official rate table is linked below.
What owners often do Learn their municipality’s schedule, pay on it and keep the receipts.
In the kit: calendar with your property-tax date, tracker. Sources: Estatuto Tributario arts. 634–635; Ley 788 de 2002 art. 59; Secretaría Distrital de Hacienda
Short-term rentals (RNT)
If the RNT applies to your rental and its yearly renewal is missed, the registration is suspended automatically. Reactivating it costs one monthly minimum wage (SMMLV), paid to the Fondo Nacional de Turismo.
What owners often do First check whether the RNT applies to them; if it does, they register and set a yearly renewal reminder.
In the kit: rental compliance pack, calendar. Sources: Ley 2068 de 2020; MinCIT
US persons: FBAR
If your foreign accounts together exceeded $10,000 at any point in the year, a US person files an FBAR with FinCEN. Penalties for not filing can be serious, even when the account itself owes no tax.
What owners often do US persons who meet the threshold generally file FinCEN Form 114 online by April 15, with an automatic extension to October 15; a CPA, enrolled agent or tax attorney licensed in the US confirms what applies.
In the kit: calendar, United States sheet. Sources: FinCEN; 31 USC 5321, see IRS IRM 4.26.16
The statute sets a maximum penalty for a non-willful FBAR violation per annual report, adjusted for inflation each year: $10,000 in the statute, currently $16,536 after adjustment (31 USC 5321(a)(5)(B)(i); 31 CFR 1010.821; Bittner v. United States, 2023; checked October 18, 2026). Whether it may apply to you is a question for a US tax professional. The kit shows the form and a general calendar.
Selling
If the purchase, registration, property-tax and other tax records are missing when you sell, closing and repatriation slow down while the paper trail is rebuilt.
What owners often do Keep these records together from the start.
In the kit: document checklists, sell-and-exit roadmap. Guide: Sell Colombian Property and Repatriate the Money