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COSTA RICA |
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12.000
Homes Owners Affected by Luxury Tax
It is estimated that 12.000 homes owners of
luxury homes will be affected with the new
tax on luxury homes which has to be paid
within the next three months.
The law that went into effect on October 1
and will be in place for the next ten years,
affects all home owners with homes valued at
¢100 million colones and more.
The tax on those properties will be between
0.25% and 0.55% of their value.
The ministerio de Hacienda (Finance
ministry) has said that home owners will
have until January 15, 2010 to pay their
taxes.
The added tax is destined for social housing
programs.
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