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Foreign Investors in Sedona Real Estate Must Plan Ahead for Taxes

Posted By Wally Reule @ Apr 18th 2016 3:10pm In: Miscellaneous

With negative interest rates in other countries becoming more common, an increasing number of foreign buyers are looking for a haven for their money. Last year, about 16% of total investment sales were made by foreign buyers, and that number is expected to increase in 2016. While this can be an excellent investment, there can be adverse tax consequences for the unwary buyer. It is very important to consult with a tax adviser who specializes in foreign investments to minimize future taxes. Real estate agents are prohibited by law from giving tax advice to foreign investors. However, we can help you find an excellent property and negotiate a great deal!

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