As if the economy is not creating enough problems for real estate in Costa Rica, the government is now going to tax the over 6000 homes valued at over $200k with a luxury tax to "help eliminate shanty towns".
They will be doing some similar schemes in the good old U.S.A. in the coming year so you foreigners with homes in Costa Rica can plan on paying more in both locals. Your rich so you can (and should) afford it.
Legislators have approved taxes on luxury homes, and the money will
supposedly help to eradicate shantytowns. How much money these taxes
will generate is still unknown and the current estimates vary greatly.
Houses valued at about $200,000 or more will be the targets of the new
tax, however taxes on the land on which they are built are excluded in
this scheme.
According to the National Registry there are more than 6,492 properties
that are registered with a value of $200,000 or more. This project,
which will be valid for 10 years, is considered to be a gesture of
solidarity and should bring in enough cash to help build decent housing
for the poor, thus allowing them to live with more dignity and
sanitation.
Recent Comments