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Panama: Exemption from real estate transfer tax for certain residential transactions

Panama: Exemption from real estate transfer tax

Law 94 (“Ley 94 de 2019”) provides for an increase with regard to a preferential interest regime on certain home mortgage loans and also rules for an exemption from the real estate transfer tax.


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The real estate transfer tax exemption is available with regard to the sales of new homes that occur within the first five years after the issuance of the occupancy permit if the construction permit was issued between 1 July 2016 and 1 July 2019 or if the occupancy permit was issued before 1 July 2022.

The requirements for the exemption from the real estate transfer tax include notification to be made to the Ministry of Economy and Finance (this notification is to be made on a form to be supplied by the tax authority (DGI)).

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