DOMINICAN REPUBLIC REAL ESTATE

Transfer Taxes
 

The tax on property transfer is three percent (3%) of the sales value, established in the sale / purchase contract or the price resulting from the valuation established by the tax department (DGII), whichever price is higher. The tax must be paid within the 6 following months to the signature of the definite sale / purchase contract. The payment of the property purchase tax make you to the legal owner regarding the dominican laws and in the face of the goverment.

New Property Law for Real Estate.

This new law came into effect January 1st, 2013, and the main changes are:

1.- Properties owned by an individual and assessed by the government below 6.5 Million Pesos 143,172 USD ( 45,4 pesos = 1 USD ; 24.1.2016 ) will be exempt of yearly property taxes and any excess will pay 1% per year.

2.- The value for all the properties that a person have will be added together and 6.5 Million Pesos will be exempt of yearly property taxes and the excess will pay 1% per year.

3.- There were no changes to corporate owned properties. All properties owned by a company will pay 1% per year of the assessed value with no exemptions.

north coast realty dominican republic
dominican republic real estate laws
bonao dominican republic real estate
punta cana dominican republic
rio san juan dominican republic real estate
dominicanrepublicrealestate
punta cana real estate listings
punta cana real estate condos
barahona dominican republic real estate
homs santiago dominican republic
cabrera dominican republic real estate
dominican republic investment property
new homes in dominican republic
caribbean real estate market
dominican republic real estate for sale by owner
juan dolio dominican republic real estate
real estate dominican republic north coast
jarabacoa dominican republic real estate
dominican republic real estate
dominican republic business opportunities
dominican republic real estate market
dominican republic real estate rentals
punta cana rental properties
punta cana dominican republic real estate for sale
punta cana villas for sale
houses for sale in puerto plata dominican republic
barahona real estate
caribbean commercial real estate
punta cana real estate beachfront
punta cana beachfront real estate
bayahibe real estate
types of real estate listings
cheap caribbean real estate for sale
dominican republic mls
mls dominican republic
las terrenas dominican republic real estate
dominican republic map caribbean
dominican republic commercial real estate
realtor dominican republic
cabarete real estate for sale
caribbean real estate listings
real estate listings caribbean
luxury real estate dominican republic
dominican republic luxury real estate
apartments for sale in santo domingo dominican republic
puerto plata real estate for sale
cheap real estate in dominican republic
dominican republic real estate cheap
apartment for sale in santiago dominican republic
beachfront condos for sale in dominican republic