Capital Gains, Exemptions & Other ConsiderationsHonduras has a blanket 10% capital gains tax, calculated by subtracting the costs of purchase and improvements from the final selling price. There is also a real estate tax, which varies by region.
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Property taxes are very affordable. Expect to pay about $ 3.50/ $1000.00. as an example: Property valued at $50,000.00 would be assessed about $175.00 / year property taxes.
It is a relatively straightforward process for any foreigner to purchase property in Honduras. A non-Honduran citizen can purchase up to .74 acres (3,000 sqm) or less for residential use. For larger properties, an individual can set up corporation, which can then purchase any size property the individual would like.
While a retirement visa on Roatan requires you have at least $1500 each month, a couple could live off of $1,200 a month here, per the Global Retirement Index for cost of living.
Roatan is a beautiful island with an idyllic tropical climate and lower cost of living, so it's a fantastic place to retire. From the palm-fringed beaches of West Bay to the bustling village of Coxen Hole on the other side, there are plenty of places to live and enjoy your retirement in the sunshine.
A respectable home of 1,000 sq. ft. would cost approximately $5,000 USD by the estimation of an area school leader. Assuming that these figures are reasonably accurate, $7,000 USD builds a 'respectable' home.
The maximum foreign earned income exclusion amount is adjusted annually for inflation. For tax year 2022, the maximum foreign earned income exclusion is the lesser of the foreign income earned or $112,000 per qualifying person. For tax year 2023, the maximum exclusion is $120,000 per person.