TAX INCENTIVE EXTENDED !

By lin
06/29/12

That’s right..the law allowing sellers zero capital gains tax on property sales in PR is extended to Dec 31, 2012….GREAT TIME TO BUY! Prices are down and still soft…owner fiancing available on many deals….and buyers recieve tax breaks moving frwd!

Among the incentives include the exemption in the payment of
stamps and vouchers, the payment of taxes on real property and capital
gains.

 

The subsidy for the purchase of housing was approved in September
2010 as the Stimulus Act Real Property Market, and its validity was supposed to
end on 30 June last and was extended

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