Panama Transfer Tax Could Fall on New Homes, Cutting Costs for Foreign Buyers

Panama Transfer Tax Could Fall on New Homes, Cutting Costs for Foreign Buyers

Panama's Cabinet has authorised a bill that would exempt the first US$120,000 of a new home's value from the ITBI transfer tax on first sales. Here is what the proposal could mean for a foreigner buying a new-build, and why it is not law yet. The post Panama Transfer Tax Could Fall on New Homes, Cutting Costs for Foreign Buyers appeared first on The Rio Times.