Go Back   Property Forum > Property Investment > The Americas Real Estate > North America Real Estate

North America Real Estate Join the North America property forum today to discuss real estate with like minded investors interested in the various regions of the US and Canada. This dedicated US Property forum has arisen due to member demand which seems to be a reflection of the housing market in The States. Many investors outside of the US are speculating on the potential of the American property market. Find out what is being said...

Tax Implications for US Citizens


Closed Thread
 
Thread Tools
  #1  
Old 26-04-2007, 02:26 PM
Junior Member
 
Join Date: Apr 2007
Posts: 2
Please update your flags here .

Users Flag! Interested in property in india
Default Tax Implications for US Citizens

If US Citizens profit from property transactions outside of US then what is their tax liability?
For example if they buy in Canada and sell it at profit, do they pay taxes in Canada under Canada's tax law or do they pay in US under US tax law?
Same question arises when Canada is repalced by any other real estate investment destination.
Perhaps a new forum regarding the tax implications for various destinations should be started to gain insights from investors who have experienced this unavoidabkle problem.
  #2  
Old 09-07-2009, 03:35 AM
Junior Member
 
Join Date: Jul 2009
Posts: 1
Please update your flags here .

Users Flag! Interested in property in usa
Default

yeah do they really pay taxes in Canada under Canada's tax law or do they pay in US under US tax law..??

Closed Thread

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax Implications of owning property redangel7861 Morocco property 28 22-04-2012 02:42 PM
Property Taxes? Uruguay oregon woodsmoke Buying overseas property 3 23-04-2008 10:32 PM
Tax things you should know in Spain - FREE DC Spanish property 0 28-07-2007 10:43 AM
Victory Tax Service Provides easy way for Online Tax Preparation hprasad Buying overseas property 0 16-07-2007 11:45 AM
Tax implications on gift of share armando Buying overseas property 0 18-08-2006 07:34 AM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.
FORUM PARTNERS
Property Community is owned and operated by the MoveForward.com Limited group.


All times are GMT +1. The time now is 03:54 AM.

US Property Forum
US Property News
Unanswered Posts
US Property For Sale
US Rental Property
Cheap International Calls
Moving to Colombia
Cost of living in Colombia
Currency Exchange Tools

Premium Account Benefits
Premium Member Benefits

Sub Forums:

Australia Property ForumAustralia Property
Brazil Property ForumBrazil Property
Bulgaria Property ForumBulgaria Property
Dubai Property ForumCyprus Property
Dubai Property Forum
Dubai Property
French Property ForumFrench Property
German Property ForumGerman Property
Greek Property ForumGreek Property
Morocco Property ForumMorocco Property
Portugal Property ForumPortugal Property
Spanish Property ForumSpanish Property
Turkey Property ForumTurkey Property
UK Property ForumUK Property

Premium SubscriptionList Your Properties With a Premium Membership



Powered by vBulletin®
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO