12.000 Homes Owners Affected by Luxury Tax
October 5th, 2009 | by admin |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.
