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Expo Inmobiliaria Acobir 2020

 

La Asociación Panameña de Corredores y Promotores de Bienes Raíces (Acobir) presentó en conferencia de prensa los detalles de la nueva edición de la Expo Inmobiliaria Acobir 2020. Esta es una iniciativa que el gremio realiza cada año con el objetivo de ofrecer, bajo un mismo techo, una amplia gama de opciones inmobiliarias en todo el territorio nacional con las mejores ofertas del mercado.

Visita la Expo Inmobiliaria ACOBIR 2020 del 29 de enero al 2 de febrero. Contará con las mejores oportunidades del sector inmobiliario, con promociones y acompañados de las grandes oportunidades que da el banco, como bajas tasas de interés, anímate y encuentra tu casa propia.

Expo Inmobiliaria Acobir 2020 se realizará en el Centro de Convenciones Atlapa, del miércoles 29 de enero hasta el domingo 2 de febrero. La entrada general a la feria es de $2.00, jubilados $1.00 y niños menores de 12 años entran gratis.

Horarios:

Miércoles 29 de enero de 2020

De 5:00 p.m. a 9:00 p.m.

Jueves 30 y viernes 31 de enero de 2020

De 2:00 p.m. a 9:00 p.m.

Sábado 1 y domingo 2 de febrero de 2020

De 1:00 p.m. a 9:00 p.m.

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Taxes on Property in Panama

Taxes on Property in Panama

The Tax on Real Estate in Panama is applied to the value of the land and all improvements registered, which are not exempt. Here is a list of real estate tax rates in Panama:

Tax Rates of Real Estate in Panama (Property Tax):

  • The first $ 30,000 USD is exempt.
  • Between $ 30,000 and $ 50,000 have a rate of 1.75%.
  • Between $ 50,000 and $ 75,000 have a rate of 1.95%;
  • All over $ 75,000 has a rate of 2.1%.
  • Progressive Alternative Tax Rate for Real Estate in Panama

There is another “progressive alternative” real estate tax in Panama which applies to existing properties in peace and security where the taxpayer presents a sworn statement of a new value based on a certified appraisal company.

Properties in Panama with occupancy permits issued before July 1, 2012 will be levied with this rate as long as the improvements have been presented to the Public Registry before July 1, 2011.

New buildings with building permits issued after July 1, 2010 with improvements registered within one year after the issuance of the occupancy permit qualify for this rate. Additionally, the value of the land must be updated if it has been more than 5 years since the improvements were registered.

This rate is from 0% up to $ 30,000 for the value of the land and improvements;
0.75% between $ 30,000 up to $ 100,000;
From $ 100,000 onwards the rate is 1%.
The parcels of land where the condominiums remain constituted as “horizontal properties” with the proportional value of the owner of a condominium on the property not exceeding $ 30,000 will be at a rate of 0%. Otherwise the property will be taxed at a rate of 1%.

Property Transfer Tax in Panama

The transfer of real property in Panama is 2% of the greater between the total value of the sale or the registered value plus the value of the improvements plus 5% for each year since the property was obtained and the sale.

20 Year Property Tax Exemption

Any newly constructed residential building will be exempt from paying property taxes for 20 years from the date of the occupancy permit. This exemption only applies to improvements and not to the land. Since the exemption applies to the property and not to the owner, the remaining years will continue with the property after it is sold. If the land is worth more than $ 30,000 USD then the property tax will apply.

Note: If the developer of the property failed to apply for the 20 year exemption or if you purchased a newly built house from an advertiser who did not apply for the exemption you must do it on your own. Go to the Department of Exonerations at the Ministry of Economy with a copy of your public deed and apply for tax exemption.

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News about metro lines

The Panama Metro is the metropolitan railroad whose network covers much of Panama City, capital of the Republic of Panama. This transportation system is managed by the state capital company Metro de Panamá S.A. It is the first system of Panamanian metropolitan railways.

The project began its construction in February 2011, driven by the government of Panama and its first line was delivered on April 4, 2014, an execution listed as a record, given the size of the work. Later, with the extension of its route and the inauguration of the last station of San Isidro, Line 1 currently has an extension of 15.8 km.

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Video tour

The Consumer Financial Protection Bureau announced on Wednesday a proposal to delay the effective date of the TILA-RESPA Integrated Disclosure rule until Oct. 1.

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