Buying a house - Fees and cost

Member since 11 June 2024

RBMardMember11 June 2024 19:01:04

Can someone educate me on the taxes due if I buy a property in puerto rico? there are stamp duties and vouchers which seem to act like recording fees but how are they calculated? Also what are the property tax rates in puerto rico?

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techdispatch Active member

Member since 01 February 2023

techdispatchActive member11 June 2024 20:24:50

Hello RBMard...Best consult with your Mtg. lender, they can answer all these questions in detail for you. If your paying/buying in cash for the home, firt rule is your need all veryfiable docucumentation of where the money came from, they "will" investigate. At any rate it will be foolish to not hire a real estate attorney to complete the buying process for you. In PR it's nothing like buying a house in the mainland. Hope this helps.