By means of Decreet number 38789-H [5], Costa Rica Government published the rates for the Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”

These rates will be applied during the 2015 tax period as follows:

Home Value Tax rate to apply
a) Up to ¢ 319.000.000,00 0,25%
b) On what exceeds ¢ 319.000.000,0 and until ¢ 640.000.000,00 0,30%
c) On what exceeds ¢ 640.000.000,00 and until ¢ 958.000.000,00 0,35%
d) On what exceeds ¢ 958,000.000,00 and until ¢1.278.000.000,00| 0,40%
e) On what exceeds ¢ 1.278.000.000,00 and until ¢1.597.000.000,00 0,45%
f) On what exceeds ¢ 1.597.000.000,00 and until ¢1.919.000.000,00 0,50%
g) On what exceeds ¢ 1.919.000.000,00 0,55%

** Important to remember that, for 2015 tax period, if the house’s value (only the building, with no land) is ¢128,000,000.00 or less, then there is no tax to pay at all, but if the house’s value is bigger, then the chart above applies, but based on the value of the land, building and accesories. If the building is not used as a home, then this tax does not apply.

____________________________________________

By means of Decreet number 38100-H [4], Costa Rica Government published the rates for the Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”

These rates will be applied during the 2014 tax period as follows:

Home Value Tax rate to apply
a) Up to ¢ 301.000.000,00 0,25%
b) On what exceeds ¢ 301.000.000,0 and until ¢ 604.000.000,00 0,30%
c) On what exceeds ¢ 604.000.000,00 and until ¢ 905.000.000,00 0,35%
d) On what exceeds ¢ 905.000.000,00 and until ¢1.207.000.000,00| 0,40%
e) On what exceeds ¢ 1.207.000.000,00 and until ¢1.508.000.000,00 0,45%
f) On what exceeds ¢ 1.508.000.000,00 and until ¢1.812.000.000,00 0,50%
g) On what exceeds ¢ 1.812.000.000,00 0,55%

** Important to remember that, for 2014 tax period, if the house’s value (only the building, with no land) is ¢121,000,000.00 or less, then there is no tax to pay at all, but if the house’s value is bigger, then the chart above applies, but based on the value of the land, building and accesories. If the building is not used as a home, then this tax does not apply.

____________________________________________

By means of Decreet number 37444-H [3], Costa Rica Government published the rates for the Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”

These rates will be applied during the 2013 tax period as follows:

Home Value Tax rate to apply
a) Up to ¢ 291.000.000,00 0,25%
b) On what exceeds ¢ 291.000.000,0 and until ¢ 584.000.000,00 0,30%
c) On what exceeds ¢ 584.000.000,00 and until ¢ 875.000.000,00 0,35%
d) On what exceeds ¢ 875.000.000,00 and until ¢1.167.000.000,00| 0,40%
e) On what exceeds ¢ 1.167.000.000,00 and until ¢1.458.000.000,00 0,45%
f) On what exceeds ¢ 1.458.000.000,00 and until ¢1.752.000.000,00 0,50%
g) On what exceeds ¢ 1.752.000.000,00 0,55%

** Important to remember that, for 2013 tax period, if the house’s value (only the building, with no land) is ¢117,000,000.00 or less, then there is no tax to pay at all, but if the house’s value is bigger, then the chart above applies, but based on the value of the land, building and accesories. If the building is not used as a home, then this tax does not apply.

_____________________________________________

By means of Decreet number 36928-H[1], Costa Rica Government published the new rates for the 2012 Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”

These rates apply during the 2012 tax period:

Home Value Tax rate to apply
a) Up to ¢ 277.000.000,00 0,25%
b) On what exceeds ¢ 277.000.000,00 and until ¢ 555.000.000,00 0,30%
c) On what exceeds ¢ 555.000.000,00 and until ¢ 832.000.000,00 0,35%
d) On what exceeds ¢ 832.000.000,00 and until ¢1.109.000.000,00 0,40%
e) On what exceeds ¢ 1.109.000.000,00 and until ¢1.386.000.000,00 0,45%
f) On what exceeds ¢ 1.386.000.000,00 and until ¢1.665.000.000,00 0,50%
g) On what exceeds ¢ 1.665.000.000,00 0,55%

** Important to remember that, for 2012 tax period,  if the house’s value (only the building, with no land) is ¢111,000,000.00 or less then there is no tax to pay at all, but if the house’s value is bigger, then the chart above applies, but based on the value of the land, building and accesories. If the building is not used as a home, then this tax does not apply.

______________________________________________

By means of Decreet number 36338-H[2], Costa Rica Government published the rates for the Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivienda

These rates apply during the 2011 tax period:

Home Value Tax rate to apply
a) Up to ¢ 265.000.000,00 0,25%
b) On what exceeds ¢ 265.000.000,0 and until ¢ 531.000.000,00 0,30%
c) On what exceeds ¢ 531.000.000,00 and until ¢ 796.000.000,00 0,35%
d) On what exceeds ¢ 796.000.000,00 and until ¢1.061.000.000,00| 0,40%
e) On what exceeds ¢ 1.061.000.000,00 and until ¢1.326.000.000,00 0,45%
f) On what exceeds ¢ 1.326.000.000,00 and until ¢1.592.000.000,00 0,50%
g) On what exceeds ¢ 1.592.000.000,00 0,55%

**Important to remember that, for 2011 tax period, if the house’s value (only the building, with no land) is ¢106,000,000.00 or less, then there is no tax to pay at all, but if the house’s value is bigger, then the chart above applies, but based on the value of the land, building and accesories. If the building is not used as a home, then this tax does not apply.

 All the amounts are in Costa Rica Colones

© Copyright E&T ESCROW & TRUST SOLUTIONS S. R. L. Costa Rica.

( www.escrowtrustsolutions.com )

Please Note: This material is for personal use only and is protected by Copyright Law. It is provided as general information only and does not constitute and is not a substitute for legal or other professional advice. Reliance on this material is solely at your own risk. Always consult your own legal or other professional advisors and discuss the facts and circumstances that apply to your specific case.

[1] Published in the Official Newspaper “La Gaceta” Number 15, on January 20, 2012

[2] Published in the Official Newspaper “La Gaceta” Number 17, on January 25, 2011

[3] Published in “Alcance” 210 to the Official Newspaper “La Gaceta” Number 247, on December 21, 2012

[4] Published in the Official Newspaper “La Gaceta” Number 249, on December 26, 2013

[5] Published in  “Alcance” 83 to the Official Newspaper “La Gaceta” Number 246, on December 22, 2014

One Response to New rates for Costa Rica Luxury Homes tax (“Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”). (2011, 2102, 2013, 2014 and 2015 TAX PERIOD)

  1. Glenn Boehler says:

    Casimiro, ‘Nice, very informative, and useful articles. Thank you for sharing. Pura Vida de Platanillo!

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