Tax is a complicated business no matter where you decide to park yourself in the world. However, when you buy overseas, it’s vital to understand how your tax situation will be affected. For those hoping to buy property in the USA, getting your head around the system might take a head scratching. In America, tax is imposed at a federal, state AND a local government level. Yes – this means that you can be taxed by all three at once! Additionally, the US is one of only two countries in the world to tax non-resident citizens on their worldwide income, although they do offer a tax credit for foreig
In Part Four of Buying in Italy, we’re looking at how to buy in Italy. You’ll find out the key players to involve, plus what to consider on the financial side. This can seem complicated, but, with a clear understanding of the process in your head, it should all go smoothly.
If your New Year’s Resolution is to buy a home in the sun in 2019, or even to move abroad entirely, don’t wait until after Christmas. This is the perfect time to start your serious planning. Why not get the extended family involved too? Read our checklist for making 2019 your best year ever!
It is only comparatively recently that the various Spanish Autonomous Regions have introduced tight rules for rentals, especially holiday rentals. It was necessary to ensure the high standard now expected by tourists. Many places which were advertised had no basic amenities such as air conditioning or ceiling fans. Some had no natural light in bedrooms and fell below the expected safety criteria. Today, we explore the major rules for rentals in Spain.
I wrote this time last month that Portugal’s property market is booming and that’s certainly showing no signs of slowing down. The golden visas programme continues apace, attracting more and more investment into the country. Likewise, we’re seeing more results of the building boom, with luxury developments in Lisbon nearing completion. Plus, lest you think the Algarve’s just for holidays, an innovative solar facility’s opened near Martim Longo.
At last weekend’s Your Overseas Home show, France Property Guide spoke to several people who were worried about their property purchase in France being affected by Brexit. Many others may be feeling the same way. This article will allay fears and explain why we believe you should continue your plans with confidence, whether you buy in France before Brexit or not.
