Foreign owned property in US [Archive]

View Full Version : Foreign owned property in US

lawanwadee

Apr 4, 2008, 01:29 PM

I've learned that 10% of luxury homes in US are purchased by foreigners who mainly live in other countries.

What are the conditions regarding taxes, and other issues they have different than US residents?

Thanks.

JudyKayTee

Apr 4, 2008, 02:14 PM

[QUOTE=lawanwadee]I've learned that 10% of luxury homes in US are purchased by foreigners who mainly live in other countries.

What are the conditions regarding taxes, and other issues they have different than US residents?

What types of taxes? Property? Income?