Which insurances are important after the purchase or rental of a property?
The insurance structure is very similar to the device used in the Netherlands. With a Home insurance the property is insured against fire, burglary or a storm. With a rental, the landlord takes this insurance for his account. With contents insurance all inventory is insured, you can also choose to insure your garden furniture.
What is the transfer tax in Curacao?
The transfer of property (commercial, residential, industrial) is 4% of the purchase price.
What taxes does a property owner pay in Curacao?
As of January 1st 2014, a new law on property tax in Curacao came into force. In April 2013, the National Ordinance property tax OZB was approved to replace the land tax regulation.
There are now four different rates:
For more information: click here
What about tax on rental income from a second home?
The rental income from a second property will be included for 65% of the income tax.
Should taxes be paid on any profit when selling a second home?
No, there need be paid any tax. Conditions are that the property must be in the name of an individual person. When the property is in the name of a company or general partnership then state taxes must be paid from any capital.
Century21 Curacao endeavor to update the contents of the Web site as often as possible and supplement. / Or Despite this care and attention it is possible that content is incomplete and / or inaccurate. The materials offered on the website are provided without warranty of any kind, or claim to correctness. These materials may change at any time without prior notice C21 Curacao. In particular, all prices on the website are subject to type and programming errors. For the consequences of such errors no liability is accepted. No agreement is reached on the basis of such errors. For the website contained hyperlinks to websites or services of third parties C21 Curacao can never accept responsibility.
Published byon . Last Updated .