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gastos de beneficiencia y registro

English translation: real estate subsidy and registration costs (Colombia)

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:gastos de beneficiencia y registro
English translation:real estate subsidy and registration costs (Colombia)
Entered by: Maria
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00:28 Jan 24, 2002
Spanish to English translations [PRO]
Law/Patents / Contrato de promesa de compraventa
Spanish term or phrase: gastos de beneficiencia y registro
Los gastos notariales de la venta serán cancelados por partes iguales entre los PROMETIENTES COMPRADORES y LOS PROMETIENTES VENDEDORES la retención en la fuente será cancelada por los PROMETIENTES VENDEDORES y los gastos de beneficencia y registro por cuenta de LOS PROMETIENTES COMPRADORES

What is this? "charity and registration expenses" what does that have to do with a sales contract? ;o) Maria
Maria
Local time: 05:22
Real Estate Subsidy & Registration Costs
Explanation:
Your document must come from Colombia. "Beneficencia y Registro" (note spelling) is one of the cost items in registering deeds and land titles before Notary Publics in this country. It is a subsidy for the benefit of lower-income areas that all transactions involving real estate have to contribute to.

"Deben considerarse incluidos en el valor de la vivienda ofrecida a cubrir con el subsidio respectivo."




See links to read up on it.
Good luck.

Selected response from:

Sue Horn
United States
Local time: 06:22
Grading comment
Thanks a million, Sue. You saved my day and I learned something new. Saludos ;o) Maria (and, yes, this is a contract from Colombia)
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +1Real Estate Subsidy & Registration Costs
Sue Horn


  

Answers


43 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
Real Estate Subsidy & Registration Costs


Explanation:
Your document must come from Colombia. "Beneficencia y Registro" (note spelling) is one of the cost items in registering deeds and land titles before Notary Publics in this country. It is a subsidy for the benefit of lower-income areas that all transactions involving real estate have to contribute to.

"Deben considerarse incluidos en el valor de la vivienda ofrecida a cubrir con el subsidio respectivo."




See links to read up on it.
Good luck.




    Reference: http://www.jccconta.gov.co/BOLET165.DOC.htm
    Reference: http://www.forec.gov.co/archivos/Rtas_vitrina_inmobiliaria.P...
Sue Horn
United States
Local time: 06:22
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in pair: 118
Grading comment
Thanks a million, Sue. You saved my day and I learned something new. Saludos ;o) Maria (and, yes, this is a contract from Colombia)

Peer comments on this answer (and responses from the answerer)
agree  Simon Charass: I was thinking on such kind of tax too.
37 mins
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