Tax Statute (Estatuto Tributario)

Article amended by article 30 of Law 2277 of 2022. The new text is as follows: The following occasional gains are exempt from the occasional gains tax:

1. The equivalent of the first thirteen thousand (13,000) UVT of the value of a residential dwelling owned by the decedent.

2. The equivalent of the first six thousand five hundred (6,500) UVT of real property other than a residential dwelling owned by the decedent.

3. The equivalent of the first three thousand two hundred fifty (3,250) UVT of the value of distributions received as a spousal portion or by inheritance or bequest by the surviving spouse and each heir or legatee, as applicable.

4. Twenty percent (20%) of the value of property and rights received by persons other than forced heirs and/or the surviving spouse by way of inheritances and bequests, and twenty percent (20%) of property and rights received by way of donations and other gratuitous inter vivos juridical acts, provided that such sum does not exceed the equivalent of one thousand six hundred twenty-five (1,625) UVT.

5. Books, clothing and personal-use items, and household furnishings of the decedent are likewise exempt.