Do certain properties enjoy a tax abatement program granted by the government of the Dominican Republic?
Yes, such programs do exist and Palmera de Cabarete Resort & Spa enjoys such a program. Our first time buyers will be exempt from all taxes for the first ten years. Are there inheritance taxes on property owned in the Dominican Republic? There are no restrictions on foreign investors inheriting title to property in the Dominican Republic. Inheritance taxes range from 17% to 32% of the appraised value of the estate depending on the relationship between the beneficiary and the deceased. If your beneficiary resides outside the Dominican Republic, inheritance taxes are subject to a 50% surcharge. Your attorney can explain the benefits of corporate ownership and how it offers more favorable tax treatment in the disposition of property through inheritance. What other considerations should be considered when buying property in the Dominican Republic? Your best protection is to get a trustworthy, reliable attorney, and title insurance. There are several local attorneys with extensive experienc
