Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Buying / Investing in International Real Estate
​Occasionally we see people pushing to invest in countries outside their own.   There can be trouble with this as many popular countries and introduced or always had restrictions on foreign ownership of real estate.  Some don't prohibit it, but enact laws to discourage it with high purchases taxes or restrictions when you sell.   Even the US has imposed restrictions on cash transaction in some locals.  Treasury started requiring identification of principals behind LLC in certain areas of the country like Florida and New York (https://papers.ssrn.com/sol3/papers.cfm?abstract_i...)  and now there is FIRTA which requires tax withholding on sales by non-residents/non-US citizens.
Here's a list of popular countries, with restrictions:
United States--- Purchases in some areas can require disclosure of principals and FIRTA withholding at sale time approximately 15%.
United Kingdom--- 3% stamp duty on investment buyers and 15% tax if bought in name of shell company.
Thailand--- Foreigners cannot buy freehold land....and only 49% (foreign quota) of certain condo projects.  Plenty of people try to get around these rules by creating companies with Thai majority directors or using usufructs to lease homes long term.  I think you are at risk if you do this.  Sometimes the powers that be can get cranky about falangs trying to skirt the ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention