cambodia: Buying / Investing in International Real Estate
- 11/10/18 07:27 PM
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 … (0 comments)
Real Estate meanderings along with other economic and political musings. We assist sellers and buyers list, sell, buy, lease, and rent real estate in the DFW Dallas Fort Worth Metroplex. Our primary market area are the cities that surround the DFW airport, but we have lived in Dallas and Fort Worth and several of the other cities in the metroplex, so know the area well. We also sell worldwide, so if you need to sell a home in Mexico, Argentina, Costa Rica, Dubai, Honduras, El Salvador, Brazil, Chile, Thailand, UK or any other country please call us first at 214-675-6992.
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.
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