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- NEW Residential Law #132 - Sept 1, 2010 to June 30, 2011
Property Taxes (CRIM) exempted for up to 5 years (includes the special government tax imposed) Closing cost to include State Stamps - Vouchers misc charges pertaining to the Sale & Mortgage deed. Capital Gain contribution on resale for life. (50%) - RESALE Properties (residential and commercial)
Selling? $0 Payment on: TAX STAMPS, VOUCHERS AND OTHER CHARGES related to the mortgage cancellation deed. CAPITAL GAIN contribution when it is realized on or before June 30, 2011. Buying? 50% Exemption on Resale for: TAX STAMPS, VOUCHERS, AND OTHER CHARGES related to buyer's sale and mortgage deeds. CAPITAL GAIN contribution for life when the property is acquired on or before June 30, 2011. All information is deemed to be correct |