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New law about capital gain tax starting in 2 weeks called Ley de Fortalecimiento de las Finanzas Públicas.

It will be in effect by July 1st and has raised several concern and misinterpretations. In reality it is pretty simple because you can choose to pay either 15% of the gain or 2.25% from the actual sales price. You do not need to rush and update your property value at the Municipality before July 1st. PD Attorneys provided a simple explanation.

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Credits to: P&D Abogados

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