Calculator
CONFOTUR savings calculator
A unit in a CONFOTUR-approved project is exempt from the 3% transfer tax on first transfer and from the annual 1% IPI for 15 years. Enter the price to see the transfer-tax saving; add the current IPI threshold and exchange rate to estimate the IPI saving too.
- Transfer tax saved at closing
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- IPI saved per year
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- IPI saved over 15 years
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How it works
The transfer tax is 3% of the higher of the price and the DGII appraisal, paid once at transfer. IPI is 1% a year on the value above an exempt threshold; the 15-year figure assumes the value stays flat, which it rarely does. For individuals, IPI looks at all your Dominican property together, so a second property can change the result.
The exemption belongs to the project, not to you: ask for the CONFOTUR resolution and have your attorney verify it. See CONFOTUR explained and projects with CONFOTUR.
An estimate for planning, not legal or tax advice. Confirm figures with a Dominican attorney and the DGII before you rely on them.