Property

Luxury Tax on 200k houses 0
- Property, Real Estate, Taxes
- September 1, 2022
The “Solidarity Tax” (also known as “Tax on luxury houses”) was formally established in Costa Rica, through law no. 8683 on November 19th, 2008. Such tax falls back onto the value of the properties that are destined for housing purposes, whether the properties are regularly used, occasionally or just for recreation purposes. Such tax is
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Why a Real Estate Attorney Matters When Purchasing a Property in Costa Rica 0
- Property, Real Estate
- March 2, 2022
“Before anything else preparation is the key to success,” said Alexander Graham Bell
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Using an Escrow Account in Costa Rica 4
- Property, Real Estate
- October 5, 2021
An escrow account is essentially a pass-through third-party account, created for the purpose of a Real Estate purchase. It is meant to protect both the buyer and seller all parties in the transaction. Outlier Legal highly recommends using this service for your real estate purchase – here’s why: Example: a US national has identified
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Due Diligence: Inspections and Appraisals 0
- Property
- April 30, 2021
As we have previously mentioned, whenever you are looking to buy real estate, it is important to undergo a process that allows the buyer to review the property, providing them with the opportunity to identify potential issues or problems that could impact the purchase. This process is known as Due Diligence, which requires several issues to be
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Land Segregation in Costa Rica: The New Conditions 0
- Property
- November 23, 2020
After several months of heated discussions, a new set of regulations pertaining to land division in Costa Rica were introduced on September 14th. In order to understand the background of this situation, I will offer a brief recap of how land division has been regulated in Costa Rica over the years. According to the Costa Rican
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Owners Must Transfer 10% of Their Land to Municipality When Property Is Segregated 0
- Property
- September 29, 2020
I would like to start by offering some background on INVU: The Instituto Nacional de Vivienda y Urbanismo (National Institute of Housing and Urban Planning) is a public entity responsible for executing policies and plans regarding urban development and land use. In addition, they design, coordinate and promote housing programs that allow people to become
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