With the introduction of new tax reductions on capital gains and income, real estate in Puerto Rico, such as these new beachfront and golf condominiums in Puerto Rico, is attracting the attention of high income earners from the USA.
These condos are located in one of the island's finest luxury branded resort communities with 4 golf courses, spa and beach club.
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| Beachfront condominium, Puerto Rico |
Located on the magnificent grounds of a former Rockefeller property, these condominium residences are set in a resort which includes 4 legendary golf courses running through lush jungle and oceanfront coconut groves alongside spectacular mountains.
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| Bedroom at this luxury property, Puerto Rico |
Just a short drive from San Juan's international airport, this iconic residential community includes first class facilities such as an athletic centre, water sports centres, spa, beach club and several dining options.
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| The living room |
A selection of 3-4 bedroom Mediterranean-inspired golf condominiums offer views of emerald fairways against a backdrop of the beauty of the mountains.
2-4 bedroom luxury beachfront condominiums are set on a secluded gold sand beach along two miles of Puerto Rico’s northern shore.
Both condo types, part of a luxury branded resort, can be part of an optional rental programme and income generating.
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| Puerto Rico on the map |
The sun kissed beaches, colonial architecture and golf courses of Puerto Rico have emerged as major attractions, drawing millions of tourists each year and an increasing number of second home buyers from the USA and beyond. The island's natural beauty is also a major draw and legislation has been brought in to protect this for future generations. A new law approved by Puerto Rico's governor in April 2013 protects 2,900 acres of land along the northeast coast, including pristine beaches, lush tropical rainforest, more than 861 types of flora and fauna and a major nesting site for the endangered leatherback turtle. Read more on Puerto Rico's efforts to protect turtle nesting sites.
San Juan, the capital of Puerto Rico, is one of the major transport hubs of the Caribbean. As a territory of the USA, there are numerous daily flights from a large number of American cities and American citizens do not require a passport. There are also direct flights from Europe, Central and South America.
Besides the convenience of being just a short flight away, Puerto Rico also offers a relatively low cost of living, high quality property and a range of new tax incentives introduced last year to lure real estate investors, including reduced taxes on capital gains, interest and dividends. Puerto Rico recently introduced legislation which reduced taxes on capital gains and income derived locally from investments made after becoming a resident to 0%. To qualify for residency you need to spend 183 days per calendar year on the island and, given that Puerto Rico is a US territory, residents are not required to renounce US citizenship.
According to Bloomberg, a number of high earning Americans have already made the move to Puerto Rico or are considering it. Read "Paulson Said to Explore Puerto Rico as Home with Low Tax" for more info. If you're considering a move to Puerto Rico, this could be the new home for you: Beachfront & Golf Condominiums, Puerto Rico.
For more information on Puerto Rico beaches, restaurants and places of interest, take a look at the Puerto Rico Tourism Company's website See Puerto Rico.Labels: beachfront property, golf course, Puerto Rico property, Puerto rico real estate