As of July 1, 2019, Costa Rica implemented a 15% capital gains tax on the difference between the purchase and sale price of a property.
For properties purchased before that date, owners can choose to pay a lower rate of 2.25% based on the sales price instead.
Additionally, if the property was used as the owner’s primary residence, they may be exempt from the capital gains tax.
There are also strategies to minimize or avoid capital gains tax, such as setting up a corporation and taking advantage of available exemptions.
At ABC Real Estate, we’re happy to assist you in finding the best solution tailored to your needs.