Global Property Guide

Financial Information for Residential Property Buyers

Dominican Republic

Property Inheritance

More DO

Inheritance tax and law

Last Updated: January 09, 2017

INHERITANCE TAX
Inheritance taxes are levied at a flat rate of 3% for properties.

The following are exempted from inheritance tax:

  • Transfers of property with value up to DOP1,000 (US$21) to direct descendants and ascendants
  • Transfers of property with value not more than DOP500 (US$11) to beneficiaries that are not relatives
  • Transfer of primary residence
  • The receipt by a beneficiary of the insurance proceeds

GIFT TAX

Gifts taxes are levied at a flat rate of 25%.

Dominican Republic - More data and information

Comments

Be the first to comment on this article!

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.