Archive

Archive for June, 2009

Real Estate Property Tax of Costa Rica – Exemption

June 12th, 2009

In accordance with the Law of Taxes on Real Estate and its Regulations, this tax was established for the sake of the local government where it is kept  localized.  This tax has a rate of 0.25% of the registered value.
In those cases in which the property is the “only property” of the passive subject (the owner of the real estate that must pay the tax), and if it is not included as part of a company, then it is exempt up to ¢12,141,000.00 (twelve million, one hundred and forty-one thousand colones net).  This value is fixed according to the law to the equivalent of 45 base salaries, the base salary being fixed at the sum of ¢269,800.00 (two hundred sixty nine thousand, eight hundred colones net).  This is in accordance with the resolution made by the Technical Normalization Agency of the General Headship of Taxation, Resolution #01-2009 – San Jose, at ten o’clock of the 15th of January of 2009.  Published in La Gaceta #28 of the 10th of February of 2009.
In those cases where the value of the property is above this amount, the tax will be paid on the part that is in excess of the amount.

admin Costa Rica Tax

Real Estate Law – Real Estate in Costa Rica

June 12th, 2009

A lot of companies in Costa Rica has focused on legal assistance to companies that are already in operation as well as those that desire to be established in Costa Rica, as well as investors who desire to purchase properties in Costa Rica.  A exclusive service for the “legal local establishment” gives a unique and excellent legal and commercial experience in everything related to needs and procedures that must be followed by those who invest in properties in our country. Read more…

admin Costa Rica Law

Value of Real Estate Shot Up in Canton of Santo Domingo

June 12th, 2009

The old adobe houses in Santo Domingo (Heredia, Costa Rica) that have distinguished this canton for years have been turning into luxury residences, where who lives there least a re the Domingueños. Read more…

admin Land in Costa Rica, costa rica real estate ,