Target, S. A. Real Estate
Dominican Republic-Bavaro-Punta Cana.
Taxes to be paid when buying a property
Before You buy any property in the Dominican Republic, You should have some information at hand.
1.-Try to find out if the person's name on the owner's certificate matches the seller's name.
2.-Have a lawyer or a realtor who can investigate if all documents are legal so that you don't face any problems in the
future.
3.-When You buy or purchase a property in the Dominican Republic, You have to pay the government a three
percent (3%) tax from the total amount you paid for the property.
4.-If the property you are buying costs over five million pesos (RD$5,000,000.00) then you have to pay one per cent
per year for the amount that exceeds the five million pesos. It means if you pay seven million pesos for a property,
you have to pay 3% of the total amount at the moment of the purchase plus 1% annually from the two million pesos.
5.-Verify that the person who is selling you the property has paid all due taxes at the moment of the transaction.
6.- If seller is married, then the spouse must sign documents as well.
7.- Description of property, price to be paid by buyer and payment terms, establish when property will be delivered by
seller.
We can take care of your needs in buying an apartment, condo, house, land, lot, villa or farm in Bavaro Beach
Cortecito, Miches, Lavacama, Cap Cana near Donald Trump farallon, Veron, Uvero Alto Macao, Higuey, Samana or
Las Terrenas and the rest of the Dominican Republic. If you need information on taxes feel free to call us at
1-809-891-8389 or 1-809-399-0978 or contact us by clicking on this link.
1.-Try to find out if the person's name on the owner's certificate matches the seller's name.
2.-Have a lawyer or a realtor who can investigate if all documents are legal so that you don't face any problems in the
future.
3.-When You buy or purchase a property in the Dominican Republic, You have to pay the government a three
percent (3%) tax from the total amount you paid for the property.
4.-If the property you are buying costs over five million pesos (RD$5,000,000.00) then you have to pay one per cent
per year for the amount that exceeds the five million pesos. It means if you pay seven million pesos for a property,
you have to pay 3% of the total amount at the moment of the purchase plus 1% annually from the two million pesos.
5.-Verify that the person who is selling you the property has paid all due taxes at the moment of the transaction.
6.- If seller is married, then the spouse must sign documents as well.
7.- Description of property, price to be paid by buyer and payment terms, establish when property will be delivered by
seller.
We can take care of your needs in buying an apartment, condo, house, land, lot, villa or farm in Bavaro Beach
Cortecito, Miches, Lavacama, Cap Cana near Donald Trump farallon, Veron, Uvero Alto Macao, Higuey, Samana or
Las Terrenas and the rest of the Dominican Republic. If you need information on taxes feel free to call us at
1-809-891-8389 or 1-809-399-0978 or contact us by clicking on this link.