US real estate tax can have a serious impact on the amount of profit made through the purchase and sale of property in the USA. It's a topic that all foreign investors need to understand in order to be invest successfully in the USA.
In total, a foreigner investor needs to consider three main areas when it comes to tax; income, capital gains and inheritance tax. The laws are quite complex and require a good international tax attorney, but here is a brief overview.
Income Taxes: If you end up renting your property, you will need to pay income tax. As a foreign real estate investor, you can simply choose to have the gross income taxed, currently at a rate of 30%. If you decide to go ahead with this basic flat rate
The MLS® is powerful software used by real estate brokers to facilitate massive sharing of information with other brokers who may be representing several interested parties whose desire is to find properties to buy. The broker who has entered into contract with the seller of the property provides all the information to be listed.
Ottawa Multiple Listing Service enables real estate brokers in the city of Ottawa to come up with contractual offers of compensation among themselves, cooperate with other brokers in the real estate sector and disseminate information for better decision making by the buyers, sellers and the general public
Guide to Buying Property in the USA, America
The US Property Market
The real estate market in and across the United States of America is as varied and expansive as the country itself. Although the age old adage comes off a bit trite and certainly overused, when it comes to real estate investment and other real property purchasing opportunities in the United States, there actually is something for everyone. There are many different opportunities available to the savvy shopper