Tax exemption and property acquisition in the Caribbean

Today, in the world as a whole, some people have a myopic view of what real estate means. In order to simplify it, real estate industry or agency is the group that deals with the accommodation and catering for the shelter problem of man. They follow the specified regulations of the government of the country, and also try as much as possible to meet the needs of the people. Real estate involves renting of houses or apartments to people, selling of land, houses or some specific buildings to people. Many people have the view that real estate is all about you owing all the properties and renting it out. Sometimes, it is not so, it can also be buying of properties and selling them all out. This is what applies in Dominican Republic Real Estate.

To buy a Cabarete real estate property or building follows after the procedure of acquiring a building, just with little modification.  First, one has to know that asides the selling price of the land, there are other government charges in form of taxes that one has to pay. Without payment of these taxes, the owner of the house stand at a risk of losing either some or all of his or her properties later in the future, as the owner can be sued.

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