Welcome to Property Tax International!
If you currently own a property abroad or are considering purchasing in the near future there are a number of taxation and financial issues which need to be addressed in order to maximize the potential profit from the investment.
Purchasing property abroad is a complicated and often stressful ordeal dealing with foreign tax regimes, mortgage lenders, legal systems and foreign languages. Investors too often find themselves with incorrect information which can sometimes turn a dream home into a nightmare purchase.
Property Tax International (PTI) is here to assist make your foreign property a profitable investment by reducing your tax exposure and finance costs.
At Property Tax International, we aim to:
- Offer a complete taxation solution tailored to the overseas investor
- Provide a professional service at an affordable price
- Minimise the overall tax liability by writing-off all legitimate expenses
- Ensure tax compliancy in foreign tax jurisdiction
- Secure best mortgage available tailored to your specific requirements
- Make available a comprehensive service ensuring you realize the maximum profit potential from your investment.
NEWS:
The Irish Revenue Commissioners have begun investigating a number of Irish estate agents with regards to obtaining information on all Irish residents who have purchased property overseas. This could be the first step in what many perceive to be the beginning of a major clampdown by Revenue on the overseas property investor.
A similar trend is occurring across Europe with a number of foreign Tax Authorities beginning to clamp down on both resident and non-resident tax offenders by imposing significant fines and penalties with some tax offices going so far as 'naming and shaming' offenders (Spanish tax authorities.)
European tax offices have commenced joint initiatives with regard to sharing of cross border information. One such initiative, the 'Savings Tax Directive', obliges all financial institutions in the EU to supply to the relevant Tax Authorities the identity and nationality of all their clients to whom they make foreign interest payments.
Knowing the specific tax information and tax deadlines for the country in which you are investing is the first step to minimizing your tax liability both at home and abroad.
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Click on the relevant link below to learn more about your tax obligations in the country of purchase:
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