Trillion Realty Group is the exclusive Affiliate in Puerto Rico
Favorable tax benefits currently on offer for property buyers and sellers in Puerto Rico will expire on June 30, 2012, reports Christie's International Real Estate exclusive Affiliate in the area, Trillion Realty Group. Incentives for purchasing existing new residential or commercial construction on the tropical archipelago—an unincorporated U.S. territory in the northeastern Caribbean—include:
• No recording fees
• No property taxes for five years
• No taxes on rental income derived from the property for 10 years
• No capital gain taxes on the sale of the property
• No property taxes for five years
• No taxes on rental income derived from the property for 10 years
• No capital gain taxes on the sale of the property
These benefits will expire on June 30, so sales must close before that date.
Domiciled Individuals, Corporations And Other Legal Entities
Existing legislation, if properly used, can provide up to 100 percent tax exemption to individuals, corporations, LLC’s, partnerships and other legal entities domiciled in Puerto Rico. These exemptions are provided via government’s grants, and are binding and permanent for the period covered once issued.
Puerto Rico offers many benefits which make it very attractive to investors as well as to persons considering investing, living or renting in the island. Major international accounting firms, investment advisors, or attorneys with expertise in Puerto Rico’s taxes code will be able to provide professional advice on these tax exemptions.
Puerto Rico offers many benefits which make it very attractive to investors as well as to persons considering investing, living or renting in the island. Major international accounting firms, investment advisors, or attorneys with expertise in Puerto Rico’s taxes code will be able to provide professional advice on these tax exemptions.
Puerto Rico Key Facts
• U.S. Commonwealth, part of the U.S. – no passport necessary.
• Federal income taxes do not apply
• Federal laws apply (except income taxes)
• Modern developed economy
• U.S. dollar is the local currency
• Excellent medical services with Medicare and Medicaid coverage
• Excellent airlift to and from the U.S. mainland and abroad
• Warm, tropical climate year round
• Federal income taxes do not apply
• Federal laws apply (except income taxes)
• Modern developed economy
• U.S. dollar is the local currency
• Excellent medical services with Medicare and Medicaid coverage
• Excellent airlift to and from the U.S. mainland and abroad
• Warm, tropical climate year round
For more information please contact Trillion Realty Group.
Pictured Above: The Residences at the Horned Dorset Primavera in Rincón, Puerto Rico, a property enrolled in the Christie's International Real Estate Bespoke Marketing Program
