Yet another property tax

susiesusie · Post by **susiesusie** » Sat 20 Jan 2024 2:19 pm

Just been informed that if you sell your property here but you are not an official resident then you will be charged a 4.8% tax .
Surely not ..where had this come from ?

Keithcaley · Post by **Keithcaley** » Sun 21 Jan 2024 6:56 am

Who gave you this information?

I could be wrong, but it sounds like the 2% Earthquake tax plus the 2.8% "Capital Gains" tax (It's not actually Capital GAINS, because it seems to be charged on the full Contract/valuation price!)...

It's nothing to do with Residential Status, just that the CG tax is charged to all Foreigners, regardless of where they live.

Reyntj · Post by **Reyntj** » Sun 21 Jan 2024 8:18 am

It's 4.7 % for off-shore companies ,?

But doesn't the earthquake tax finish after Feb as it was only applied for a year .

It was on earnings 1-5 % and 1.5% on interest and rent payments .I hadn't seen it on cgt but would be no surprise !

I did read on a telegram forum that they where increasing for foreigners but can't find anything else.

susiesusie · Post by **susiesusie** » Sun 21 Jan 2024 6:35 pm

Was informed by a reliable and trusted estate agent

Keithcaley · Post by **Keithcaley** » Mon 22 Jan 2024 10:29 am

susiesusie wrote: ↑
Sun 21 Jan 2024 6:35 pm
Was informed by a reliable and trusted estate agent

Well, that certainly narrows it down!