how would you go about buying property in another country?
i live in oz and am looking at housing in certain countries going thru the economic crisis.my theory is that i can buy houses cheap and then rent out at a smaller price as the exchange rate is so good these days.how would i go about doing so and would i have to pay taxes in my country on an investment property or in the country the house is in?
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Tags: Countries, Economic Crisis, Pay Taxes
rent property | , 10 Feb 10
By Landlord, February 13, 2010 @ 9:57 pm
You would likely have to pay income tax in your own country.
Most countries require citizenship in order to buy. You need to ask again, but more specifically.
By Itchy1977, February 16, 2010 @ 2:36 pm
You dont need citizenship to buy. I help people sort their currency for properties all over the world. get a good solicitor, and research the area you’re buying in very carefully.
Also, dont convert your currency with the bank – use a specailist currency broker as you’ll get a better rate.