Property Tax
Investors investing in overseas property in countries other than their own may inadvertently make themselves vulnerable to property taxes in the country in which the foreign property is situated. Tax Associates International (TAI) can help you understand your exposure to such taxes. For many countries, we may also be able to suggest ways in which exposure can be legally limited. For appropriate countries this can apply to both new purchases and to those already held.
Property investment almost always requires the owner to file appropriate tax returns in the country in which the property is situated. There can be serious penalties for failure to comply or for incorrect returns. TAI is experienced and can assist in filing foreign property taxes from abroad.
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