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VAT property tax in Buenos Aires as foreigner?

Posted in Buenos Aires forum

I want to purchase a house in Buenos Aires as a forienger. The only thing I'm confused by is VAT. Let's say if I purchase something at $100,000 and VAT is 21%. Then the total price would be around $120,000, right? Am I missing something here? This doesn't seem right and the price too high.

Here's a link to what I'm confused by:

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