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Singapore’s Expats Hit with Increased Property Tax
Singapore’s government announced on Friday measures to make it more expensive for foreigners and investors to buy property. It is, they say, a temporary measure to attempt to cool down the property...
View ArticleCyprus Increases VAT but Allows Concessions for Property Purchases
On the 14th January the Cypriot government increased the standard rate of VAT to 18 percent. However, concessions are available to those buying a property for the first time for their primary...
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Turkey: New VAT Laws likey to Affect New Property Sales
In May of last year the Turkish government removed the condition of reciprocity allowing the sale of land and homes in Turkey to foreign nationals and corporations. Since then there has been a massive...
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Hong Kong Takes Further Steps to Cool Property Sector
Hong Kong is to increase stamp duties and introduce tough stress tests for home mortgage loans, Financial Secretary John Tsang said on Friday. One of the measures is the increase in stamp duty. The...
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UK Tax Office Issues Warning to Second-Home Owners
Every so often the UK government’s tax office, HM Revenue & Customs (HMRC), launches a campaign aimed at one specific group of people to provide that group the “opportunity to voluntarily put their...
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Australian Government Aims to Remove Non-Resident, Foreign Investors’ Tax...
From 8 May 2013, non-residents of Australia (including foreigners and Australians expatriates) may no longer benefit from the 50 percent discount on capital gains tax (CGT). The tax discount currently...
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Hollande Gives Boost to French Building Industry
France is to cut the VAT on new social housing construction from seven percent to five percent from January 2014. President Hollande made the announcement during a visit last week to Alfortville in the...
View ArticleFrance Lowers Capital Gains Tax Limit for Expat Home Owners
Speaking on Capital sur M6 last Sunday, President Hollande of France announced that the limit for full capital gains tax exemption (d’imposition des plus-values immobilières) on the sale of a home,...
View ArticleUSA: Same-Sex Marriage Ruling to Effect Property and Taxation
Realtor.org: While property rights are generally a state issue, the federal recognition of marriage for gay couples will have a significant impact on home owners in the USA. Married same-sex couples in...
View ArticleItaly: No VAT Increase or IMU on Primary Homes
Italy may scrap the IMU property tax on primary homes and will not increase value added tax, according to reports on the Italian news service ANSA. The Minister of Economic Development, Flavio...
View ArticleUK Tax Payers Property Sales Amnesty Fast Approaching Deadline
The UK Property Sales campaign (or amnesty) provides an opportunity for anyone who has sold a residential property in the UK or abroad that is not their main home to declare the details to Her...
View ArticleItaly: Coalition Party Balances on Property Tax’s Thin Red Line
Former Italian prime minister Silvio Berlusconi, whose conservative People of Freedom party (PdL) supports the coalition government, has warned he would instruct his party to pull out of the coalition...
View ArticleItaly: Changes to Tax Regime will Affect Expats
Monday, 30 September is tax declaration day in Italy. Writing in the Telegraph, Justin Harper explains expats will have to declare all assets, with no minimum threshold (it used to €10,000 per asset),...
View ArticleIrish Government to Refund Millions of Euros in Property Tax
Taoiseach Enda Kenny (the head of the Irish government) says homeowners do not have to pay 2013 property tax until 2014, according to a report in the Irish Independent. Ireland’s Department of Finance...
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UK to Introduce CGT for Foreign Buyers and British Expats
At present, foreigners who have purchased property in the UK do not have to pay Capital Gains Tax (CGT) on the profit from the sale of a property. The same rule applies to British expats who no longer...
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Madrid Lowers Property Tax
The property sales tax cuts announced by the Autonomous Region of Madrid in October 2014, have now gone into effect. (See El Mundo’s report) Since 1 January 2014, the Impuesto Sobre de Bienes Inmuebles...
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US Tax Payers: How to Avoid Home Tax Deduction Mistakes
The tax payment clock is ticking towards April 15, tax day for US tax payers. (American expats have until June 15 or October 15 if an extension is requested; see ‘Tips and Help for US Taxpayers‘.)...
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Malaysia delays floor price increase for foreign property buyers
The minimum price of property for foreigners wanting to purchase property in Malaysia could double from the current RM500,000 to RM1 million (€111,500 to €223,000). The increase was expected to have...
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UK Budget review for non-resident property owners
On March 19, the UK’s Chancellor George Osborne delivered his Budget Statement to Parliament. It was a Budget chock-full of reforms and changes. Many of the Treasury’s new measures are likely to affect...
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UK tax office ramps up landlord tax amnesty campaign
Many owners of property in the UK became accidental landlords as a result of the property crisis, when they were unable to sell their homes, turning to tenants to help pay their mortgages. Many are...
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