Estimated Reading Time: 13 Minutes There have been considerable changes in our taxes in Costa Rica and the legal obligations for property owners during 2025. If you own a property in Costa Rica, or are considering buying one, especially if it’s held in a corporation, you should pay close attention. In this article, I will…
Estimated Reading Time: 4 minutes The real estate agent, the closing attorney, and the buyer often forget about post-closing issues. Buyers usually assume these post-closing issues happen automatically. Well, in Costa Rica, nothing goes automatically. These post-closing issues seem so simple, and they are. You only have to wait until the property you bought shows as…
Estimated Reading Time: 5 Minutes Did you know that every Costa Rica property owner must present a property value declaration every 5 years? Probably not, eh… In most countries worldwide, property owners receive notice from the tax authorities that they have to pay their property taxes. Not in Costa Rica, though! Like many other things…
Don’t you want to know how much property tax to pay before buying property in Costa Rica? Learn now how much, when, and where to pay Costa Rica property tax, as well as other taxes. After you purchase a property in Costa Rica, you have to pay several property-related taxes: Property Transfer Tax When you…
Property owners who live out of the country often ask if they can make property tax payments online. The short answer is yes; you can make your property tax payments online. But, as you probably expected, it’s not as easy as it sounds. The reason is, that you need to have an account at Banco…
Should you worry about squatters in Costa Rica or not? If you own a property in Costa Rica and you have abandoned it, yes you should worry about squatting. Try leaving your car on a street in downtown Los Angeles, Amsterdam, or New York for a month and try to recover tires, radio, and whatever…
Are you buying a condo Costa Rica in the wrong place? Before you buy a condo Costa Rica for sale, here are 18 reasons you can be buying in the wrong place. This past weekend, I was showing some condos to clients. While some administrators do not maintain their community and the common areas look…
For many years now buyers and sellers of Costa Rica real estate have been evading the Costa Rica Property Transfer Tax Law. The seller transfers the shares of the corporation that owns the underlying property to the buyer and this changes everything. By selling the shares of the corporation the parties in a real estate…