Updated almost 5 years ago on . Most recent reply
US OR UK property investing?
What are advantages and disadvantages of property investing in each country?
I recently moved to the US from the UK and am unsure where I should invest.
Why insights are highly appreciated.
Thank you!
Most Popular Reply
#2 1031 Exchanges Contributor
- 1031 Exchange Qualified Intermediary
- San Diego, CA
- 1,334
- Votes |
- 1,986
- Posts
#2 1031 Exchanges Contributor
- 1031 Exchange Qualified Intermediary
- San Diego, CA
Hi @Dominic M.,
Investors can do a 1031 Exchange for foreign property if it is going to cause them a U.S. income tax consequence. They would of course have to pay any taxes that would otherwise be due in the foreign country, but it would defer the payment of U.S. taxes. Foreign property 1031 Exchanges require that the relinquished property and the replacement property be foreign properties, although not necessarily in the same country. You cannot 1031 Exchange out of a foreign property and into a U.S. Property.
- Bill Exeter
