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Hello,
I recently purchased some property in Costa Rica, and I am looking for some help in deciding what would be the best way to document this, in reference to my taxes. I am a US citizen and live in the US, and want to make sure I am going about this the best way for me now and in the future. I have an accountant but she is a little confused about an out of country purchase.
I have heard, I cannot mention the property and the future profits will not be taxed, due to any knowledge. But then I would get no tax break now.
I also have been told if I mention the property now, I can get the tax break, but will have to pay the taxes in the future for the profit on the properties.
Any help would be great, and if there is a good accountant that anyone knows that would have good knowledge of what to do, I would appreciate it. Thanks
Please feel free to speak with my friend Randall Zamora about Costa Rica taxes.
You can see a few of Randall’s articles on this site for example:
Costa Rica Payroll Taxes & Employee Benefits here at:
His email address is taxtips@costaricaabc.com
His company is called ‘Costa Rica Accounting & Business Center’ and you can find his website is at: http://www.costaricaabc.com
I’m sure Randall will look after you well and please let him know that I recommended him.
Scott Oliver – Founder
WeLoveCostaRica.com
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