The Basics of Choosing a Building Lot You fell in love with Costa Rica and after looking at all the built homes in the area you decided that you want to buy a lot and build. If you haven’t built a house from scratch before than this guide will be quite useful. Even If you have built a home in the past this will help you avoid pitfalls particular to Costa Rica and keep you on the right...
When contemplating moving to Costa Rica from Vancouver Island, British Columbia in 1999 most of my friends were ready to have me committed to an asylum. How could you even think about leaving this paradise. A good friend who I admired (CEO of one of BC’s largest lumber companies) sent me a note: Michael - “All men dream: but not equally, those who dream by night in the dusty recesses of...
Costa Rica's Capital Gains Tax and its Affect on Real Estate Assets The capital gains tax in Spanish is called “Ganancias de Capital.” It was bound to happen! Capital gains tax is now a reality in Costa Rica and has been in effect since July 2019. What’s the rate? Well, the capital gains rate is fifteen percent (15%) of the gain. Being a home owner in Costa Rica, it is important for you to...
Costa Rica has a reputation for offering good medical care, especially compared to other countries in Central America. The country has a universal healthcare system called the “Caja” (CCSS), which provides healthcare to all citizens and legal residents. Additionally, there are private hospitals and clinics that offer high-quality medical services, catering to tourists and expatriates. Many physicians...
Property Taxes: The Basics Buying property in Costa Rica comes with a perk—property tax on "Fee Simple Title" properties is just 0.25% of the fiscal value recorded with the local municipality and national property register. These taxes help fund local municipalities, unlike in some countries where the national government collects them. How Property Taxes Are Assessed In Costa Rica, property...
Government taxes and stamps take the main load. Law Firms and Escrow Services charge flat fees based on transaction. In Costa Rica, real estate transfer of properties are normally handled by law firms (Video). Unlike other jurisdictions, only Costa Rican Public Notaries (who are always registered local Attorneys) can interact with the Property Registry, often in conjunction with government-approved...
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