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Estate Planning in Costa Rica – Testamento

“Da tua dum tua sunt, post mortem tunc tua non sunt”.
(Give that which is yours while it is yours; after death, it is not yours).

Executing a testamentary disposition or a will, in Costa Rica called “testamento”,can be one of the most reliable alternatives in estate planning.

The “testamento” is the legal instrument, executed in accordance to formalities established by CR Law, that allows a person, testator, to determine how his or her assets will be managed and distributed at the time of death as well as to appoint the executor of his estate.

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New Listing -Punta San Francisco Lot#15 -US$279,000

This Tamarindo Residential Lot in Gated Community at The Point needs no introduction. Punta San Francisco is made up of the peak division between Tamarindo and Langosta beach. This gated community consists of a total of 62 lots, some accompanied by upscale residential homes between US$700,000 to $2.9 million. Take advantage of being an owner in the most sought after gated community in Tamarindo! This lot is situated just steps away from the beach, making it a perfect investment of land to either build a spec home, rental home, or the home of your dreams.

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La Esquina #1 – Two bedroom condo – SOLD

This is a ground level, two-bedroom, two-bathroom condominium located in the exclusive Playa Langosta community, a higher-end neighborhood adjacent to the popular beach town of Tamarindo. The magnificent and ample kitchen equipped with the best GE brand stainless steel appliances, combined with the open floor plan, gives you plenty of space to entertain. The complex has two ample rooftop terraces where neighbors can enjoy a glass of wine while watching the sunset at the ocean.
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Reduced – Casa Arrecife – now US$2,499,000

Casa Arrecife (“Reef House”) is located right on the ocean at Playa Langosta, one of Tamarindo’s most desirable and high-end residential areas. The property sits above sea level with stunning ocean and sunset views all year round from the open-concept kitchen – dining and living space, pool BBQ area, and master bedroom. Less than 5% of beachfront properties in all of Costa Rica enjoy this unique privilege, a private titled (fee simple) property.

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2020 Property Taxes are due March 31st

Property owners must pay Property Tax (Impuestos Bienes Inmuebles) and garbage collection fee (recolección basura) to the Municipal Government where the property is located.

Amount: The property tax is 0.25% of the registered value of the property, which is either the purchase price paid or the value assigned by the Tax Office.

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New listing – Amazing Beachfront property at Playa Blanca – US$1,900,000

Large Beach front Property in Guanacaste, Costa Rica - Aerial view 2

Prepare to be blown away by this stunning large beachfront property in Guanacaste, Costa Rica. Playa Blanca, as the Spanish name describes, is a unique white sand beach just north of Junquillal on the Pacific coast located in a secluded bay. The land is above sea level making for beautiful and unobstructed views.

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2020 Municipal Elections

mayor santa cruzEvidence of Costa Rica´s solid Democracy

Last Sunday, February 2nd, 2020 local government elections were held in Costa Rica. Such local administrative units are known as Municipalities. The mayor of a total of eighty-two Municipalities as well as other political positions within them was elected by direct voting of citizens living in each territorial subdivision known as ¨Cantones¨.

This was the fifth election process since a legal reform launched in 1998 which granted more responsibility and direct control over territorial, political, and administrative matters to local governments. The process was a success.

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Property Tax & Garbage Collection

Luxury Beachfront Home in Tamarindo - Front view

Due: March 31stof each year.

Property owners must pay Property Tax (Impuestos Bienes Inmuebles) and garbage collection fee (recolección basura) to the Municipal Government where the property is located.

Amount: The property tax is 0.25% of the registered value of the property, which is either the purchase price paid or the value assigned by the Tax Office.

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New Listing – Lot #12 Punta San Francisco – US$169,000

This nice garden lot in a gated community is located at Punta San Francisco or Punta Madera as the locals call it. It makes the division between Playa Tamarindo and Playa Langosta. At Punta San Francisco or the so-called “The Point”, all the 62 lots are within a gated beachfront community with upscaled residential homes and villas up to US$2.9 Mio right on the beach. The lot has trees and is just a few steps away from the two beautiful beaches, both are famous for surfing.

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Luxury Tax 2020

Luxury Beachfront Home in Tamarindo - Fountain

Due: January 15 of each year.

The Luxury Tax (Solidarity Tax for the Strengthening of Housing Programs) only applies to houses, condos, or apartments over a certain construction value (133,148,400.00 colones for 2020, approx. US $237,765K – this amount is adjusted each year).

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