I have read your Property tax secrets 2007 and found it very informative. However I am currently looking abroad for investment - and since this is the focus for this website I feel that perhaps property secrets should compile a guide to investing abroad / Tax implications. I have many questions on this front, and I would like this forum thread to remain to be of use to all. 1. If my primary residence is abroad - within a EU country how does UK PLC deal with it tax wise. 2. If I have a primary residence in a EU country - AND have a secondary investment property within EU - how is it handled. 3. If I have same senarios as no.1 and no.2 in a non EU country - how does tax man handle it? 4. Which countries EU or NON EU are the best to invest in with regards to tax ..... Latvia looks interesting. On another note .... will you be producing ......... 1. Turkey property guide 2. Brazil property guide 3. Lithuania property guide From what I have read about Brazil, it is a mine field with regards to tax ... and yet I hear so much about it - the US investors are piling in. UKs richest property developer - Lord someone is sinking his wedge in. As for Turkey, I hear good things about the potential of Dalaman/Sarigerme. And Lithuania - well I would like to hear about what you think of that.

The subject of your posting is exactly what I have been also interesting in providing if there was a market for it. I can offer you specific guides on over 100 countries from access to my International Network. Here is an example from the Individual tax position in Brazil. Note all International taxation needs extremely careful planning and not the subject of a free call or meeting. Thanks Colin BRAZIL - INDIVIDUAL .......................... The following monthly tax table is applicable to income tax with respect to monthly income earned up to January 2006. Net Taxable Income [r]Over [r]Not over Tax rate % Amount to be deducted 0 R$ 1,164 [c]- * - R$ 1,164 R$ 2,326 [c]15 R$ 175 R$ 2,326 [c]27.5 R$ 465 Net Taxable Income Over Not over Tax rate % Amount to be deducted 0 R$ 1,164 - * - R$ 1,164 R$ 2,326 15 R$ 175 R$ 2,326 27.5 R$ 465 *Exempt. The Brazilian Tax Authorities have issued a new monthly tax table applicable to income tax payable in 2006 with respect to monthly income earned as of February 2006. Net Taxable Income [r]Over [r]Not over Tax rate % Amount to be deducted 0 R$ 1,257 [c]- * - R$ 1,257 R$ 2,512 [c]15 R$ 189 R$ 2,512 [c]27.5 R$ 503 Net Taxable Income Over Not over Tax rate % Amount to be deducted 0 R$ 1,257 - * - R$ 1,257 R$ 2,512 15 R$ 189 R$ 2,512 27.5 R$ 503 *Exempt. The tax table below is the sum of the monthly tables for the year 2006. Net Taxable income [r]Over [r]Not over Tax rate % Amount to be deducted 0 R$ 14,992 [c]- * - R$ 14,992 R$ 29,959 [c]15 R$ 2,249 R$ 29,959 [c]27.5 R$ 5,994 Net Taxable income Over Not over Tax rate % Amount to be deducted 0 R$ 14,992 - * - R$ 14,992 R$ 29,959 15 R$ 2,249 R$ 29,959 27.5 R$ 5,994 Note: These rates apply to all types of tax returns, i.e., married individuals filing jointly or separately and single taxpayers. Note that the annual tax table above contemplates the changes introduced through the Provisional Measure 280/2006, which has been submitted to Congress for approval to become a Federal Law. Accordingly, the competent authorities have yet to publish the final annual tax table to be used on the 2006 Tax Return. As a consequence, the applicability of the annual tax tables above, in relation to the 2006 Tax Return, is subject to changes.

Colin, How does someone get access to your international network? Best WIshes Martin

Hi Colin How does knowledge about Brazillian income tax rates (which anyone can find on google by the way) help me as a property investor? What we need to know if tax as it relates to foreign property investors. Do you have this information? Cheers Neil

I'd respectfully suggest that all UK-based foreign property investors should only be concerned about UK Tax rates on foreign investments. Most countries have a double-taxation treaty, which means you don't pay tax twice, but you do end up paying the higher of the two regimes. Example : if UK property tax > Brazil - you pay some tax in Brazil and the remainder to the UK Taxman. If UK property tax < Brazil, then you pay full Brazilian tax and the UK Taxman doesn't get anything. Note - you don't get a credit from the UK under these circumstances!! No points for guessing which country's tax regime is usually highest! So looking for a country to invest in purely because it has a low tax regime is pretty pointless for UK investors. Andrew

Andrew YOu are correct, the only issues will occur where properties are held in companies in which you cannot offset one company tax against personal tax. Also there is a possibility of obtaining taper reliefs if organised well. It is typical to set up offshore structures to reduce the taxes incurred in the foreign country. Colin