Property Transfer Tax
Real estate transfer tax is levied when real estate passes from the hands of the buyer and the seller and the transaction is closed to complete the transaction. The government can track these transfers as the title deeds must be changed to reflect the new owner. This deed of transfer is subject to transfer tax and is a method used by the Costa Rican government to track changes in ownership.
Real estate transfer tax is equivalent to approximately 1.5% of the transfer price specified in the transaction or the registered value of the property, whichever is greater.
The tax is triggered by the direct sale of the real estate or through the indirect transfer of real estate when there is a modification in the control of the entity holding the real estate.