Summer 2013
The United States places very few restrictions non-US citizens buying, selling and owning real estate in the United States. As an international buyer purchasing property in the United States you may acquire, transfer, or be involved in a real estate transaction without the permission or approval from any federal, state, or local government. However, there are some countries that may place restrictions on its own citizens from buying real estate in the US – therefore you should check the rules of your country to verify you are not under any home country restrictions.
Buying real estate in the US is safe and secure, as all transactions are subject to US contract law and are handled by neutral third party escrow companies who oversee all aspects of the transaction between seller and buyer. For a successful efficient transaction, international buyers should have a good REALTOR®, a good attorney, and if you are financing, be working with a good bank.
International buyers and sellers also need to comply with visitor visas and immigration laws, federal taxation rules and reporting and compliance.
Withholding of Tax on Dispositions of U.S. Real Property Interests
This article, from the IRS, explains the rules for proper withholding of tax on the dispositions of U.S. Real Property interest. It also clarifies who is obligated to conduct the required withholding of tax upon the foreign investor’s disposition of real property interests.
For more details Visit Me at www.RealtorLisaWu.com
No comments:
Post a Comment