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Are there any government taxes or fees for transferring property titles from the sellers name to the buyer’s name?

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Are there any government taxes or fees for transferring property titles from the sellers name to the buyer’s name?

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Yes there are. There is a 2% property title transfer tax charged by the Panamanian Government on the basis of registered value or the value established in the deed of sale. Besides there are usually few other charges by the Notary Public or Public Registry Office limited to $200 – $300. These are basically for registering a buy/sell contract.

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