This is a reminder that the payment of the Solidary Tax for the Strengthening of Housing Programs (known as the “Tax on Luxury Homes”), levied on the value of real estate properties, is due on the 15th of January.
The payers of this tax are the owners or holders of rights over housing units used on a regular, occasional, or recreational basis.
In 2022, the tax will only be applied when the total value of the housing unit exceeds the amount of one hundred and thirty-seven million colones (¢137,000,000).
The tax rate will be calculated according to the following scale:
|Rangos de valor de unidad habitacional||Tarifa|
|Above ¢137.000.000,00 and up to ¢344.000.000,00||0,25%|
|Above ¢344.000.000,00 and up to ¢691.000.000,00||0,30%|
|Above ¢691.000.000,00 and up to ¢1.036.000.000,00||0,35%|
|Above ¢1.036.000.000,00 and up to ¢1.383.000.000,00||0,40%|
|Above ¢1.383.000.000,00 and up to ¢1.726.000.000,00||0,45%|
|Above ¢1.726.000.000,00 and up to ¢2.073.000.000,00||0,50%|
It is important to note that, the value of the land must be added to the value of the construction, in order to obtain the complete value of the housing unit. Additionally, in order to calculate the value of a housing unit in a condominium, the proportional value of the common areas, such as facilities for events, parks, pools, or sport facilities, must be added to the value of the subsidiary.
In case you need assistance with this procedure, or have any questions on this subject, please do not hesitate to contact us and we will be glad to assist you.