Anticipated annual taxes
Posted: Mon May 21, 2018 11:05 am
Hi All,
As per my previous posts, I am looking to purchase a house in the Ciudad Quesada area.
I am trying to ascertain what taxes I would be liable for at the property.
As I understand it, there is the income tax (even for non-income producing property - I do not anticipate renting it out, albeit this may change in due course). This is 2% of the cadastral value then subject to 19% tax according to my research?
There is then the local property tax - can anyone confirm the rate in CQ?
Then there is the mains drainage to pay? Can anyone give an approximation on this? Is it based on a % of the cadastral value again or square footage or bedrooms etc?
A few real world examples of what is paid would be most useful if people do not mind posting such information? Just trying to get a rough grasp of what exposure there is.
Are there any other glaring omissions in terms of what is due?
Do people tend to employ an accountant/lawyer/IFA to make the filings each year in order to calculate and pay these taxes etc or do they deal themselves?
Many thanks all.
As per my previous posts, I am looking to purchase a house in the Ciudad Quesada area.
I am trying to ascertain what taxes I would be liable for at the property.
As I understand it, there is the income tax (even for non-income producing property - I do not anticipate renting it out, albeit this may change in due course). This is 2% of the cadastral value then subject to 19% tax according to my research?
There is then the local property tax - can anyone confirm the rate in CQ?
Then there is the mains drainage to pay? Can anyone give an approximation on this? Is it based on a % of the cadastral value again or square footage or bedrooms etc?
A few real world examples of what is paid would be most useful if people do not mind posting such information? Just trying to get a rough grasp of what exposure there is.
Are there any other glaring omissions in terms of what is due?
Do people tend to employ an accountant/lawyer/IFA to make the filings each year in order to calculate and pay these taxes etc or do they deal themselves?
Many thanks all.