However, if the owner (i.e., company holder) manages to transfer the “company” instead of selling the “property”, he/she can be exempted from the above Profits Tax on the sale of the property but subject only to the Profits Tax associated with equity transfer. Questions about the pay...
If your offer is accepted, the next step is toappoint a real estate attorney to carry out some checks on the property. This includes doing a title search to check the legal ownership of the property, along with whether there are any disputes, claims or other issues which could impact the ...
Looking for tips for buying a property in Thailand? FazWaz has everything you need to know about foreign ownership, taxes, transfer fees, and more.
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Learn seven great tax deductions you may be able to use if you’ve bought or sold a home this year. Owning a home means you may be eligible for deductions and credits for origination fees, mortgage interest, property taxes, and more.
Wei Min Tan, Manhattan property agent, on buying New York property, renting out and eventually selling for the global investor.
2. To take possession of the property. At this stage, the purchasers pay for the utilities to be connected. From this stage, the purchasers may establish all the rights in this country such as residence/tax/driving duty-free and domicile. 3. To transfer the deeds of the property, which ...
Non-residents may also need to provide additional documentation, such as proof of residency and tax status in their home country. 7. Conduct Due Diligence Your notary will perform due diligence checks, including searches at the French Land Registry, verifying the property’s legal status, and ens...
Buyers should be aware that some provinces, like Ontario, impose additional taxes, such as the Non-Resident Speculation Tax (NRST), which could significantly increase the cost of purchasing property. Due Diligence and Sales Contract Due diligence is a critical step in the real estate transaction...
Thinking of buying a property abroad? Find out the legal requirements you need to know before buying a property overseas as an American.