大咖福利影院

Not sure about on the DR side, but the IRS still wants their piece of the pie!

Capital聽 gains are very聽 different here. I cannot even begin to explain it.

It is exactly why I鈥檓 asking.

Is it worth buying a home when your profit is eaten completely by taxes?聽 聽In USA- and most of the world, the way is calculated is as follow:.聽 .聽
As an ex. If original cost basis was 300,000.聽 Then I spent 50,000 on home improvement ( anything that I I added and can not take with me is considered home improvement) -聽 the new cost basis is 350,000.聽 I, then sale it for 400,000-聽 the gain is 50,000.聽 I pay taxes on those 50,0000.聽 聽 (I obviously paid taxes when I bought聽 it for 300,000 and paid taxes on the 50,000 improvements-聽 so why would I pay taxes on the 350 AGAIN?聽

Any聽 of you who have lived here for a while have聽 perhaps experienced buying and selling your property?聽 聽Do you know how your capital gains taxes where calculated?

I think in DR home improvements are not included on the cost basis-聽 聽 聽

If this is the case then how is it beneficial to buy a home?聽 Why would anyone do it?聽 聽


I think I need to speak to an expert in taxation-

This could be the answer :



If it's not, talking directly to the DGII, you would get up-to-date info, at no cost.

First of all love love the name guineo verde, LOL.聽
Secondly and thirdly, thank you for the link and advice!!!

I found this in Ley no 171-07 - the incentives for pensioners and rentistas to gain residency. This tells me there is a tax on the gain, but with your residency, you might get a discount!

ARTICLE 14. All properties acquired by pensioners and rentiers, under the protection of this law, at the time of sale to third parties, will be exempt from the payment of 50% of the tax on capital gain.

础搁罢脥颁鲍尝翱听14.听罢辞诲辞蝉听濒辞蝉听颈苍尘耻别产濒别蝉听补诲辩耻颈谤颈诲辞蝉听辫辞谤听濒辞蝉听辫别苍蝉颈辞苍颈蝉迟补蝉听测听谤别苍迟颈蝉迟补蝉,听产补箩辞听别濒听补尘辫补谤辞听诲别听别蝉迟补听濒别测,听补濒听尘辞尘别苍迟辞听诲别听蝉耻听惫别苍迟补听补听迟别谤肠别谤辞蝉,听别蝉迟补谤谩苍听别虫别苍迟辞蝉听诲别濒听辫补驳辞听诲别濒听50%听诲别濒听颈尘辫耻别蝉迟辞听蝉辞产谤别听驳补苍补苍肠颈补听诲别听肠补辫颈迟补濒.听

Thank you for that.聽 It looks to me that one does pay taxes on all capital gains鈥�-.聽 -聽 聽Double taxation 馃う馃徎鈥嶁檧锔廼n DR

No we don't pay tax on all capital gains. It isn't that simple.

There is hope then.聽 Thanks planner -聽 and I definitely understand that is not that simple-聽 can鈥檛 find answers-聽

Do you know of anyone experienced ( tax) on this field, preferably in regards to expats - that I could consult with?馃檹

Do you speak Spanish?聽 聽And the other end is American taxes?

Yes I鈥檓 fluent in both English and Spanish鈥�-and - and yes IRS

Let me ask the ones I know!

Here you go Robin Boyd 216-200-3478. Her number and WhatsApp!

She does accounting/ consulting for Americans here and those who live in both places!

Thank you VERY MUCH!!!

You are very welcome!

planner wrote:

Here you go Robin Boyd 216-200-3478. Her number and WhatsApp!

She does accounting/ consulting for Americans here and those who live in both places!

Hi Planner, does Robin speak English?聽 I would be interested in contacting her too.聽 I would like to consult on the tax pros and cons of renting when I鈥檓 not there in the DR.

I can attest she does and was very helpful-聽 if she doesn鈥檛 have an answer right away, she will find it for you.聽

Thank again planner for recommending her.

yes she does, she is an American living here!

Thanks Planner! I will be reaching out to her.