These days I have had conversations with clients and friends on the theme of Solidarity Tax and the issue of valuation, but especially in condominium, where it seems that doubts persist.
Therefore, this paper specifically targets the issue of the value of property in relation to Condominium Solidarity Tax.
Recall that the first step, I determine whether I have any obligation is to determine the "taxable value of the building, including the value of the fixed and permanent installations," says Article 6) of the Act
"Owners of property in the Condominium, shall add to the value of its subsidiary, the value corresponding to them proportionately on the common areas, "says Article 4 of the Act (taxable)
However, several points: 1 .- First
I know the type of Condominium: There are condominiums, Vertical, Horizontal and Mixed (also lots combined, etc., but these are not cases that discuss). Vertical
Condominiums In the filial is composed almost exclusively of air, as is the common walls enclosed space agency (and a few internal walls dividing). Condos For such, the value of the building is removed using the model of apartment buildings. Then the space will be added to common areas within the building as the same type, but this time of this value will only be for the subsidiary as its percentage of ownership point (we shall see this figure)
In Condominiums Horizontal, where each branch also owns the land where it sits, the value of construction is determined by the type of construction of housing has been applied. To this is added the value of the common facilities BUT this value will only be for the subsidiary as its ownership percentage point (we shall see this figure)
In the case of joint rule will continue under the rules which each portion, but as the most common are Vertical Horizontal and these criteria can resolve the situation.
If you do not know what kind of condominium living, to know the NAME registration of the Condominium will have the answer, unless more than 10 years after its construction case in which writing and actually guide us. 2 .- Second
I know the percentage of ownership: The percentage of ownership is the portion of the total areas common of which I own. For example, if my percentage of ownership is 1.33%, means that I own my branch and 1.33% of the common areas.
"Common things belong to all condominium owners who have a right to them in proportion to the percentage of the area set for the subsidiary within the condominium property," says Article 9 of the Act Regulating Condominium. Normally in the Report
registry is called coefficient measure or measure value.
Another percentage is called the percentage of value. This comes from dividing the total value of the condominium between subsidiaries. The figure is quite arbitrary and not always match the percentage of ownership. This second percentage
no longer considers both the percentage of ownership than my share of the common areas, but the percentage of votes that I can exercise in the Assembly (Article 24, Law 7933), and also serves to measure the quorum and convene, and often used (not compulsory) to determine the percentage that will participate in the payment of common expenses (Article 33 of Law 7933)
THEN, if I have an approximate figure for the value of my branch (buildings only) and say that is 80 million colones, and I know the common area (buildings only) has a value, say the case 200 million colones I know also that this value corresponds to a 2.5% me, the value of my building is:
80 million colones of my branch (construction)
5 Million Colones which is 2.5% of the value of 200 Millions of common area (buildings)
TOTAL: 85 million colones.
If I'm at or below 100 million Colones of the value of buildings (private and appropriate percentage of the common me) I have no obligation or to enroll, or to declare or pay.
If more than 100 million will add the value of land (private and I appropriate proportion of the commons), and prepare to register, declare, and will certainly pay.
what to do to be comfortable with this tax? Ask, consult, read or research. As always knowledge is power ... but only if it is used.
Therefore, this paper specifically targets the issue of the value of property in relation to Condominium Solidarity Tax.
Recall that the first step, I determine whether I have any obligation is to determine the "taxable value of the building, including the value of the fixed and permanent installations," says Article 6) of the Act
"Owners of property in the Condominium, shall add to the value of its subsidiary, the value corresponding to them proportionately on the common areas, "says Article 4 of the Act (taxable)
However, several points: 1 .- First
I know the type of Condominium: There are condominiums, Vertical, Horizontal and Mixed (also lots combined, etc., but these are not cases that discuss). Vertical
Condominiums In the filial is composed almost exclusively of air, as is the common walls enclosed space agency (and a few internal walls dividing). Condos For such, the value of the building is removed using the model of apartment buildings. Then the space will be added to common areas within the building as the same type, but this time of this value will only be for the subsidiary as its percentage of ownership point (we shall see this figure)
In Condominiums Horizontal, where each branch also owns the land where it sits, the value of construction is determined by the type of construction of housing has been applied. To this is added the value of the common facilities BUT this value will only be for the subsidiary as its ownership percentage point (we shall see this figure)
In the case of joint rule will continue under the rules which each portion, but as the most common are Vertical Horizontal and these criteria can resolve the situation.
If you do not know what kind of condominium living, to know the NAME registration of the Condominium will have the answer, unless more than 10 years after its construction case in which writing and actually guide us. 2 .- Second
I know the percentage of ownership: The percentage of ownership is the portion of the total areas common of which I own. For example, if my percentage of ownership is 1.33%, means that I own my branch and 1.33% of the common areas.
"Common things belong to all condominium owners who have a right to them in proportion to the percentage of the area set for the subsidiary within the condominium property," says Article 9 of the Act Regulating Condominium. Normally in the Report
registry is called coefficient measure or measure value.
Another percentage is called the percentage of value. This comes from dividing the total value of the condominium between subsidiaries. The figure is quite arbitrary and not always match the percentage of ownership. This second percentage
no longer considers both the percentage of ownership than my share of the common areas, but the percentage of votes that I can exercise in the Assembly (Article 24, Law 7933), and also serves to measure the quorum and convene, and often used (not compulsory) to determine the percentage that will participate in the payment of common expenses (Article 33 of Law 7933)
THEN, if I have an approximate figure for the value of my branch (buildings only) and say that is 80 million colones, and I know the common area (buildings only) has a value, say the case 200 million colones I know also that this value corresponds to a 2.5% me, the value of my building is:
80 million colones of my branch (construction)
5 Million Colones which is 2.5% of the value of 200 Millions of common area (buildings)
TOTAL: 85 million colones.
If I'm at or below 100 million Colones of the value of buildings (private and appropriate percentage of the common me) I have no obligation or to enroll, or to declare or pay.
If more than 100 million will add the value of land (private and I appropriate proportion of the commons), and prepare to register, declare, and will certainly pay.
what to do to be comfortable with this tax? Ask, consult, read or research. As always knowledge is power ... but only if it is used.