Good News From Panama
I have to thank my good friend Manfred Chemek from Manhelm International http://www.manhelm.com for this information.
One of the big benefits for people buying in Panama has been the 20 year tax holiday for people buying new homes. There was also a 30 year property tax holiday for people buying properties in the “Re-Constituted Areas”. These are the lands that the USA government had been leasing during their operation of the Panama Canal. The 30 year holiday expired some years ago. The 20 year holiday did not expire until August of 2007.
Manfred has informed me that this 20 year tax holiday was renewed to include homes built before December 31, 2009. Panama has many other tax benefits and has been one of the least corrupt and most transparent governments in the world for some time. Panama City is a gleaming modern city, surrounded by beautiful natural areas. Panama has to preserve it’s forests because they provide the watershed for the canal. Most of the country provides this watershed and is environmentally protected.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment