Pavones Real Estate
Pavones Real Estate
For Sale By Owner
Pavones Real Estate
Pavones Life Realty
For Sale By Owner
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Pavones Life Realty
Live The Dream, Potato...
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Feel the Life.
Live the dream.
No fear !
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Pavones Life Realty
For Sale By Owner
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"If you don't have a dream-
How are you going to make
a dream come true"?
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Pavones Real Estate For Sale

Costa Rica Capital Gains

New Law Goes Into Effect July 1, 2019

One of the best things for investors in Costa Rica real estate is there are no Capital Gains Tax when you sell a property…. That’s about to change,

 

The Costa Rican Government in December of 2018 approved a new Tax Reform Law which among other changes in Costa Rica tax laws, establishes a new Capital Gains Tax.

 

The new Capital Gains law will now establish a 15 percent tax on capital gains which will apply to real estate and investment income.

 

This New Capital Gains Tax Will Go Into Effect On July 1, 2019

 

If you are a Costa Rican Resident and own real estate, the property you reside in is considered your “Primary Residence”, being a Costa Rican Resident, you are not responsible for Capital Gains on your primary residence.

 

A one time reduced tax of 2,25 percent of the total sales price will be available for those who have purchased their property before July 1, 2019. This represents a considerable saving on the 15 percent that will go into effect on July 2019.

 

As always, one should consult their attorney concerning the new July 1, 2019, Capital Gains Tax-

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