After the passage of a cyclone, the opportunities for sales and purchases in real estate are great; some owners prefer to sell their property as it is after receiving the insurance benefits, some investors see opportunities by buying at low prices. Have there been as many transactions as expected? We tried to observe it through receipts from transfer taxes.
According to the Saint-Martin tax code, deeds of sale are subject to a registration fee or transfer tax, collected by the COM. The rate has been 2012% since 8, before it was 6%.
At the end of October 2019, the COM collected 9,9 million euros under these rights. She should have received between the end of the year between 11 and 12 million euros.
Compared to 2018 at the same time, revenues have doubled.
On the other hand, they are more or less identical to those recorded before 2017. In 2014, the registration fees brought in 11 million euros to the COM and 13,2 million in 2015.
To date, transfer taxes represent 12,5% of the revenues and taxes collected.
(soualigapost.com)
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