This increase will apply to the type of house and according to the parameters set by the Directorate General of Income Tax Office and this value is for all those new homes. In the case of existing homes, owners must qualify for a formula to subtract the years of depreciation.
According to information from the Directorate General of Taxation, for fiscal year 2013 will need to issue the Securities Manual for Unitary Base of building, which is part of the pricing model property Technical Standardization Body (ONT).
Moreover, the application of this increase will also affect owners of luxury homes, since for tax purposes documentation detailing a description of each type of construction, installation and work must included and calculated on added value.
In the case of condominiums, the value of all common areas must be multiplied by the percentage allocated to each subsidiary proportionality. This percentage value on common areas adds to the value of the private area to get the total value.
In the tax return form solidarity specific boxes are available for the breakdown value of the condo and assign both the total value of the condominium as corresponding to each of the homes.
The Costa Rica News (TCRN)
San Jose Costa Rica