| When buying real estate for investment many buyers | | | | In addition, foreigners enjoy the same ownership rights |
| look overseas and one of the big advantages is | | | | as Cost Rican residents, regardless of whether the |
| normally the generous tax incentives on real estate | | | | property is placed in the name of a corporation or in |
| investment property. | | | | the name of the buyer. |
| How does real estate taxes and no capital gains tax | | | | The decision to have the property under the name of |
| sound? | | | | a corporation is up to the investor. |
| Combine this with fantastic growth potential and you | | | | Corporations are very common and can offer benefits |
| can make money and save tax. Let's look at one | | | | of asset protection and anonymity for the actual |
| market as an example. | | | | owner. The cost is approximately $500.00 |
| 1. Low property Tax. | | | | Costa Rica is looking for overseas investment and its |
| Property taxes in Costa Rica are extremely low when | | | | steadily rising with American buyers in particular for the |
| compared to say the United States. | | | | following reasons:o Its just a 3 hour direct flight yet |
| Property taxes vary from 0.5% to 1.5% of the | | | | property can be up to 70%o Living costs are far |
| declared value of the property. | | | | lowero Amenities and infrastructure are goodo The |
| The Municipal Tax is administered at the municipal level | | | | country is peaceful and beautiful and one of the top |
| and varies throughout the country. Paid quarterly, the | | | | adventure tourism spots in the worldo Capital growth |
| type of property, location and other factors contribute | | | | potential is fantastic those buyers who bought near the |
| to the calculation of this tax. | | | | popular town of Jaco with 30,000 dollars 15 years ago |
| 2. No Corporation Tax | | | | are worth $750,000 today and with investment at |
| A great incentive provided by the Government for | | | | record levels further growth is expectedo Buying is |
| overseas investment is that there is no capital gains | | | | easy, with very little red tape |
| tax. | | | | Consider this |
| A buyer would not be taxed by the government on | | | | The baby boomer generation are buying second and |
| the profit from the future sale of the property as long | | | | retirement homes in record numbers and low taxes, |
| as this is not undertaken as a primary means of | | | | cheap properties, great growth potential and in a safe |
| business. | | | | and stable environment is very appealing. |
| 3. Legal rights of overseas buyers are protected | | | | Check out overseas destinations like Costa Rica for |
| Ownership of real estate in Costa Rica by foreigners | | | | yourself and see. |
| is fully guaranteed by the Government. | | | | |