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Is it easy to buy for a non resident (british). Where can i find a list of formalities?

Mon May 5 2008, 10:14 - Arkansas - Home Buying - 1 answer
 
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Sally
Home Buyer
in United Kingdom
Sally, Home Buyer in United Kingdom in United Kingdom
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Ray Ellen was FIRST TO ANSWER
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Here is some information on FIRPTA which is the Foreign Investment Real Property Tax Act. There is a lot to consider, but this is perhaps the most significant in my opinion.

http://www.irs.gov/businesses/small/international/article/0,…

Also, you may want to contact a CIPS: Certified International Property Specialist. The are Realtors who specialize in this and can tell you all kinds of rules and regs that are in place when buying, selling, & investing from overseas.

http://www.realtor.org/cipshome.nsf/pages/aboutcips

Good luck in your property search. Let me know if I can help you find property in Northwest Arkansas!

Mon May 5 2008, 10:25
Web Reference: http://www.irs.gov/businesses/small/international/artic...
 
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