Heading back to Australia after successful U.S. purchase!

[Account Closed]

Hi everyone, I purchased my second property in Indianapolis this week. I got the whole deal done in 24 hours thanks to a local team that help me in Indy. Great people and super supportive. This is my second year investing in USA and overall my experience of working with Americans has been very positive. Off to the airport...

[Mimi H.]

@Samantha Smalpage Foreign investors in the US market get a fairly large % of their earnings 'held back' for taxation. This is the case for foreign investors into any market. As an example, foreign investors in the BC market are now subject to a 15% taxation upon purchase as well as a hold back of 25% of the income for taxation and a higher percentage tax on the income than locals.

You may want to find someone who's well versed in foreign taxation with property rentals (I'm presuming you're looking at rentals when you'd mentioned investments). In the US, those would be people who are Enrolled Agents with a specialty in foreign tax. CPAs are more generalists whereas EAs are more specialists.

Good luck!