International accountancy network UHY releases its 2017 “Global real estate guide”.
As the world becomes more globalised, many investors, both corporate and private, are looking for international opportunities. Investors need to effectively navigate the rules and regulations of the country where the property is situated. Similar to other major investments, proper planning is needed to avoid pitfalls.
Readers can access information from over 70 countries featured in the guide, covering areas such as real estate regulations (e.g. deduction of expenses and interests), tax rates (e.g. VAT, wealth tax and inheritance tax) and also touches on some tax planning techniques. Given the scope and complexity of each individual country’s laws and regulations, this publication should be viewed as a tool by which readers may first become familiar with the issues involved.
“This guide reflects the commitment of UHY member firms to providing outstanding real estate advice and offers the possibility to connect directly with experts in each country, identified in the guide, “concluded Clive Gawthorpe, chair of the UHY Tax special interest group and tax partner at UHY Hacker Young, Manchester, UK.