Luxury Real Estate Blog and News
Under Indonesian law, foreigners are not permitted to have real estate / property in Indonesia. However, foreign individuals can legally acquire real estate / property in Indonesia and enjoy full beneficial rights. Buyers should seek legal advice when securing property in Bali with the following options available:
The Italy Property Buyers Guide will give you an idea of the buying process and some useful tips for your property purchase in Italy. 1 The buyer will seek the assistance of a licensed real estate agent (agente immobiliare) for the initial property search; 2 Planning activity: buyers will generally have to decide whether to purchase the property directly under their individual name or rather indirectly, by means of a limited liability entity. Such a decision is of utmost importance as substantial legal and tax consequences will be associated with it;
Singapore´s Budget 2010 brought interesting news for the property sector – the progressive property tax for all owner-occupied residential properties. Under this structure, those who have properties with an Annual Value (AV) exceeding S$77,000 will see an increase in their property taxes; this equates to a mere 3 percent of private property owners or 0.4 percent of all property owners in Singapore. This, of course, pertains to those high-end property owners. This move by the Government is definitely catered to reducing the pressure on mass market owners and get more out of those in the wealthy segment of society but perhaps it is also a positive indication that it has noticed the improving market sentiments, and especially on the high-end property sector?
1 A foreign investor may purchase real property within the United States in a variety of ways: in his or her own name; through a US corporation, partnership, or trust; or through a foreign legal entity. 2 The income and estate tax consequences of owning or selling property will vary depending on the vehicle through which the actual investment is made. 3 Legal fees and other costs are likely to be around 2 per cent of the price of the property. ...
The tourist high season will often see some visitors to the Kingdom tempted into making a more permanent connection with Thailand. If you are considering the purchase of a holiday home in Thailand, here are some tax pointers to help you on your way.
The Malaysia Property Buyers Guide will give you an idea of the buying process and some useful tips for your property purchase in Malaysia. 1 - Foreigner buyers may purchase proper ties valued above RM150,000 and in some states above RM250,000. (US$ 42,000 – US$72,000). 2 - A 10% deposit must be paid upon signing the Sale & Purchase Agreement. Consent from the State Authority is required. This takes approximately three months. ...