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You can see our [url=https://www.welovecostarica.com/public/Affordable-Car-Rental-In-Costa-Rica.cfm]recommended car rental company here.[/url]
Scott
Love that quote BillNew…
1. I think it’s important to remember that when it comes to the Costa Rica real estate market, “foreigners” are important but, those “foreigners” are from many different countries: From Venezuela, Colombia, Mexico, El Salvador, Honduras and at the end of the tail – the USA, Canada and Europe.
Costa Rica is “expensive” compared to many markets but it’s also a refuge or safe haven for successful business people – “foreigners” – who are fearful of kidnappings and extremely high levels of violence in their own countries in Central and Latin America.
Many of them have bought properties to live in and also investment properties here, their wives are here, their children go to school here while the father stays in his own country managing his business.
We have many Venezuelan clients doing exactly that…
2. Although Costa Rica is “expensive” compared to many markets, as we’ve seen with my chart, the real estate market in Costa Rica is dirt cheap compared to the UK and to most many big cities in France, Spain and in Northern Europe.
With millions of new ‘refugees’ flooding into Europe – another fabricated, genocidal crisis – many Europeans are re-thinking their future retirement plans.
Scott
Yet another training exercise which dovetails with yet another mass shootings.
[url=https://jonrappoport.wordpress.com/2015/11/21/training-exercises-dovetail-with-mass-shootings/]What are the odds? By Jon Rappoport[/url]
Interesting commentary BillNew, thanks for that.
Unfortunately when it comes to the financial state of affairs of 90% of the countries around the world, it would appear that government and their parasitic lackeys LIE through their teeth all day long for a living.
If we managed our own personal finances like most governments, we would all destitute, homeless and literally starving to death!
1. Just a reminder that [url=https://www.welovecostarica.com/members/5589.cfm]Bill’s article here[/url] is specifically referring to people who have bought Costa Rica real estate in the name of a Costa Rica Corporation
2. Finding a good tax advisor is tough enough as it is but in this case you need a good tax advisor who must also understand how your domestic tax affairs can be planned as efficiently as possible while owning international real estate in your name or in the name of a Costa Rican corporation.
3. Although recommends Don Nelson at [url=http://taxmeless.com/]TaxMeLess.com[/url], I do not know him personally so I would encourage you to visit his website, do your own due diligence and speak with him before you decide to hire him.
4. Lastly, this is NOT something to be left until mañana or “I’ll beer round to it one day soon!” It is always better if you voluntarily start getting your affairs in order rather than the IRS coming after you ….
Good luck!
Scott
On behalf of our VIP Members, I would like to thank you very much BillNew
I have republished your article at:
[url=https://www.welovecostarica.com/members/IRS-Reporting-Obligations-For-US-Citizens-When-Buying-Real-Estate-in-Costa-Rica-Dont-make-this-million-dollar-mistake.cfm]IRS Reporting Obligations For U.S. Citizens When Buying Real Estate in Costa Rica. Don’t make this million dollar mistake![/url]
Scott
[quote=”BillNew”]
There are many in CR that have been flying under the radar for a long time. FATCA is how they are going to get caught! And it isn’t going to be pretty. The US has had access to the National Registry in CR and now, with FATCA, they not only have access to the officers, but also the directors and beneficial owners.You may want to check out this example that I put together as an illustration.
http://www.galtsgulch-cr.com/?page_id=24
Thanks again for posting this as a lot folks are going to have heart attacks when they get the letter in the mail.
[/quote]
And thank YOU ‘BillNew’ for showing that bloody brilliant illustration which is FANTASTIC!
[b]Would you please allow me to publish that illustration here on WeLoveCostaRica.com?[/b]
If you’re OK with that, just send me a short ‘author’s biography’ that I can put at the end of your article to give you credit where much credit is due.
Scott
[quote=”residencial”]So why aren’t cash paying customers given written receipts by Lundquist? Tax evasion? I would also ask about his insurance coverage for his tour vehicles and passengers.[/quote]
This is not meant as an insult, merely an educated opinion from someone who has seen THOUSANDS of people move to Costa Rica over the past 16 years….
If these things – tax evasion and making sure people have the correct insurance coverage – are a serious concern for you, you’ll survive a week living in Costa Rica.
99.99% of the “huddled masses” can’t enter places like Villa Real….
I LOVED my [url=https://www.welovecostarica.com/public/Scotts_Mountain_Home_With_Unbelievable_Views.cfm]home in the mountains[/url] which was most definitely at the end of the road but, then encountered a ‘muscle disease’ which forced us to sell…
Thankfully at age 55, I am healthier and fitter now than I have been in 15 years.
Off to the swimming pool now as a matter of fact…
Have a great weekend!
[quote=”BillNew”]It is not unusual to see land in gated communities valued at $100/ sq meter…. [/quote]
For the record… $100m2 for land where we live is CHEAP! The most recent land (approxiamtely 12,000m2)was bought by one of our developer clients in Santa Ana for $120m2
Prices in Villa Real in Santa Ana for individual home lots are around $300m2 and in Valle del Sol between $250-$350m2
Scott
Please make sure you read this important article:
[url=https://www.welovecostarica.com/members/2302.cfm]Expats Doing Business or Working in Costa Rica With Free Video With Attorney Rick Philps.[/url] The most important things you must know or you will be doomed from the start…
Like most governments, Costa Rica’s government is pretty much bankrupt and are trying to collect money where they can.
The good news?
You’ve obviously managed to dodge this tax for many years….
The bad news?
We’ve written about luxury property taxes on this website for over six years so sorry! This should not be a surprise to any property owner in Costa Rica.
I remember fondly the more than $10,000 per year I paid in property & schools taxes on our modest home (which cost $242,000 in 1987) in Westchester County in New York 19 years ago so I’m certainly not complaining about the trivial amount we pay here.
As far as an appeal is concerned, I would strongly suggest you ask the Municipality what exactly they will accept as part of the appeal. They might only accept evaluations from specific, ‘;approved’ appraisers…
Good luck!
Scott
Not sure what ‘data’ you are referring to?
It is absolutely NOT true that you have to have one CR citizen on the ‘board’ of the corporation!
Scott
Registered VIP Members can see the 305 page 2014 .pdf list of medications available in the Caja – la Lista Oficial De Medicamentos (LOM) – in Spanish in the Download Library at: [ https://www.welovecostarica.com/snip/211.htm ]
Hope that helps.
Scott
