Investments in Florida and New York. Opportunities & tax features. AT THE RIGHT TIME. www. Ibcusa1.com 100 SE 2 nd STREET MIAMI, FL 33139 +1(305) 358 4441. Executive Summary. IBC’s 25 years’ real estate experience Continuing growth in Florida Florida Real Estate trend
Investments in Florida and New York. Opportunities & tax features.
AT THE RIGHT TIME
100 SE 2nd STREET
MIAMI, FL 33139
+1(305) 358 4441
From 2000 to 2030 +28%
From 2000 to 2030 +81%
Single Home price index
Source: US Bureau of Economic Analysis
Price fluctuations in Florida due to similar economical conditions in the past have caused prudent investors to make substantial profits!
Three types of Manhattan Real Estate
Two types of Florida Real Estate
Formula for Determining Florida Property Tax
Assessed Value – Applicable Exemptions (e.g. Homestead) = “Taxable Value”
Taxable Value X Millage Rate = Total Tax Liability
NOTE: Some local Florida cities or villages may have additional property taxes that are beyond the scope of this presentation.
Taxation as a non-resident alien is based on three distinct concepts:
1. The nature and source of the taxpayers' income
2. The taxpayers' activities in the United States
3. The relationship between its income and its U.S. activities, i.e. whether its income is "effectively connected" with a U.S. trade or business.
In broad outline, foreign persons are taxed at
As one can see, the purchase of U.S. real property by a foreign investor is a complicated process. Not only does the investor have to consider the location of the investment, but also in what manner to own the investment. Should it be an as individual ? A corporation ? A partnership ? A trust ? A combination of one or more of these forms? The differences in tax burden between the various forms can be staggering.
This is a complicated undertaking. The form in which an investor holds an investment, if not properly counseled, can entail a variety of tax reporting and tax payment consequences which the foreign investor may not have anticipated.
Therefore, it is imperative that the foreign investor consult with qualified U.S. tax and legal advisors to best tailor an individualized solution to their U.S. investment needs that takes into account all the investor’s business and personal needs both from the U.S. and home country perspective.
Miami Tower,100 S.E. 2nd Street, Suit 2222
Miami, FL, 33131 – USA
Tel: +1 (305) 358-4441
Fax: + 1 (305) 358-1144
Antenna in Russia
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Tel: +7 (905) 215-3447
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Tel: +352 27-0012
Fax: +352 27-0012-205