This section of condoideas.com provides an overview on U.S. real estate taxes both for American citizens and the foreign investors. There are many options that could save you thousands of dollars a year. Historically, U.S. real property has been recognized as a strong investment, which has demonstrated steady appreciation without the fluctuations that are characteristic of the financial markets.
The political and economic stability of the U.S., the absence of threat of government appropriation or nationalization, and the soundness of the currency system have no doubt lured investors.
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Everyone has been talking about the Tax Cut and Jobs acted signed by Trump at the end of 2017. A growing list of wealthy buyers are now moving and investing in South Florida because of this new law, looking for a tax break. Florida now seems to be the perfect refuge from high tax areas as New York or California. As a result, the real estate market in Miami has been nothing else than benefited, with an increase in condo prices and a rising job creation.
Between Art Basel, the buildup of inventory of properties over $1M that we witness, the strengthening of the U.S. Dollar and some new bar openings, this month is an ongoing saga!
There seem to be two different real estate markets. One for the rich and wealthy and one for everyone else.
This is an overview of the different exemptions you might get for your property in Florida.
A 1031 Exchange is a method of deferring capital gain taxes when selling your property
Condoideas can help you understand the tax benefits of home ownership
In 1980, the U.S. Government implemented the Foreign Investment In Real Property Tax Act (or'FIRPTA'). The purpose of this law is
