Transfer Pricing In Chile

During the last time transfer pricing has gain increasing importance in Chile, because the Chilean tax administration has requested different agencies and companies, that are part of multinational enterprises to give a statement on oath about the system used to determine their prices of the intercompany transactions.

The income tax law (DL 824) establishes on article 38, that companies or agencies that are part of multinational enterprises have to use the same prices they use […]

By |January 15th, 2016|

Lost And Found: Musings On The Tax Consequences Of A Found Violin

Recently it was reported that Roman Totenberg’s Stradivarius was found 35 years after its suspected theft. The Stradivarius disappeared in 1980, believed by most to have been stolen. The violin surfaced this past June when an appraiser identified the Stradivarius as the missing violin. Eventually, Roman Totenberg’s daughters recovered the violin as his heirs. Mr. Totenberg died in 2012.

Generally, it is not a taxable event when a property owner recovers stolen property. However, taxable […]

By |September 25th, 2015|

The Good, The Bad And The Ugly – Three Summer Budget Changes To Property Tax

The 2015 Summer Budget contained three changes to the taxation of property income (not including the increased inheritance tax relief). From the point of view of the landlord these can be categorised into the three (slightly clichéd) categories.
The Good
Rent-a-room relief is to be significantly increased from April 2016. The relief, which is available to those who are renting out a room in their own house and the amount that can be received tax free […]

By |September 23rd, 2015|