Real Estate

Ontario

HST and the New Housing Rebate

By Alleen Sakarian, Devry Smith Frank LLP

What is HST? Harmonized Sales Tax (HST) is a combined tax which, in Ontario, includes an 8% provincial tax component and a 5% federal tax component. HST is levied on all new home purchases in Ontario, substantially increasing the cost of buying a new home in the province.

Increasing interest from abroad to invest in the Dutch rental market

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By Joost Donkersloot, TeekensKarstens advocaten notarissen

There is increasing interest from abroad to invest in the Dutch rental market. Minister Block (Housing and Civil Service) confirmed that recently in the House of Parliament. "I receive those signals in discussions with market participants and investors," says Block . 'The Netherlands has the image of a reliable country and you can sense that there is perception that this is the time to take action." Of course also the Netherlands suffered from the effect of the economic crisis which has lowered prices for real estate. But there is a growing feeling that this now has come to a stop. This combination is said to be the cause of the increased interest. Of course, investors expect that the economic recovery will prevail and that prices will rise again.

Gjirokastra in Albania

Investing in Real Estate in Albania

By Oltion Kaçani, Gjika & Associates Attorneys at Law

The Albanian real-estate sector has undergone significant changes and improvements in order to resolve the issues inherited from the past. Due to the legal amendments made in the last few years, Albania offers a real opportunity to invest in real estate, thus facilitating and making more reliable the entire process.

Investing in UK residential property

Andrew Lee, Haines Watts

In recent years, we have seen a steady growth of overseas individuals investing in the UK residential property market particularly around London and the South East of England. Traditionally, the UK has been a hotspot for wealthy overseas property investors from North America, Southeast Asia, Japan and the Middle East and now Russian and Chinese investors are joining the ranks. This is not surprising, as the UK has always been popular for its liberal legal and tax regime and it has long been recognised as one of the most stable democracies in the world. London properties in particular have a long history of attracting investments from wealthy individuals from all corners of the world. The attractions of London include its world class educational, cultural and sporting and leisure facilities.

Investment in German Real Estate – Tax Opportunities

By Ingo Prang, KPP Steuerberatungsgesellschaft mbH

The real estate market in Germany still offers opportunities compared to other European member states. Hence, investment into the German market can be quite beneficial.

ltaly: Tax burden on ownership of real estate doubled

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By Dr. Lodovico Comploj, Pichler Dejori Comploj & Partner

In November 2011, the risk premium on Italian government bonds climbed to an almost intolerable level, crippling the Italian national budget. One of the first measures adopted by the newly appointed technocratic government was the introduction of the D.L201/2011 (known as the "Rescue Italy Decree") to reform the State budget. This decree also included the introduction in 2012 of the "IMU" (municipal tax on the ownership of real estate), which replaced the "ICI", the former property tax on real estate.

Luxury real estate in Venice

By Elena Moretti, Studio Dalla Libera & Partners

According to the Bank of Italy, the value of real estate is represented by "the estimated amount for which the property should be exchanged on the date of valuation between a willing seller and a potential purchaser. This is in accordance with normal market conditions after adequate sales promotion, in which the parties have acted with knowledge of facts, prudently and with no constraint.

Border US Mexiko

Mexico’s Newly Elected President and his Impact on the Northern Border

By Alejandro Fernando Toulet Lazos, Toulet & Gottfried

Mexico had an election for a new president on 1 July 2018. The undisputed winner was Mr Andrés Manuel López Obrador (‘AMLO’). AMLO is a leftist and populist who has run for, and lost, the presidency the previous two times: once in 2006 and then again in 2012. AMLO formed his own political party, named ‘Movimiento de Regeneración Nacional’ or ‘MORENA’.

Mr Jensen goes to town

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By Per Hansen,Hansen Sonderby

The fact that changing demography and migration towards cities have impacted the property markets is hardly news – at least when it comes to a number of the world's larger countries. Now, however, it has even come to a small country such as Denmark.

London, UK

Negotiating new UK property leases

By Tom Dymond, Haines Watts

Negotiating a new lease for a UK property? Here are the five clauses in a contract that will have the most impact.

New Tax Regime Targets Foreign Investors of Australian Property

By Marcus Andrews and Luke Dominish, McCabes

In an attempt to encourage interaction between foreign residents and the Australian Tax Office (ATO), on 1 July 2016 the Australian federal government introduced a number of changes in respect of the purchase and sale of Australian property by foreigners.

Non-Residents Buying Property in South Africa

By Elistea Vrey, Heyns and Partners Inc

With a beautiful coastal line, sunny skies and an advantageous exchange rate, investing in property in South Africa is a beneficial opportunity.

Opportunities for developers and investors in re-vitalised Scottish onshore wind market

By Andy McFarlane, Wright, Johnston & Mackenzie LLP

The least of Donald Trump’s worries on his recent world tour will have been the mockery of his predictions of the impact of wind turbines on Scotland’s tourism industry, but as he arrived for a relaxing weekend at Turnberry the renewable industry’s leaders were keen to join his ever-expanding throng of critics.

real estate

Opportunity Zones: Taking Advantage of US Emerging Markets

By Tony Constantine, Ciuni & Panichi, Inc.

The United States’ opportunityzone programme encourages investment into what Senator Cory Booker describes as “domestic emerging markets”. The programme is a departure from traditional economic-development programmes. It provides taxpayers with the ability to redeploy unrealised gains for the purpose of revitalising distressed areas without an immediate tax burden.

Mumbai, India

Overview of the Indian Real Estate (Regulation and Development) Act, 2016

By Ruchi Khatlawala Pandya, Little & Co.

The recently passed Real Estate (Regulation and Development) Act, 2016 (Act) and rules thereof which came into force on 1 May 2017 has been notified in various states and union territories across India. This Act marks the beginning of a new era in which the buyer will be the king, while developers will also benefit from increased buyers.

PR 2011 No. 11

Fünf Regeln für ungetrübten Ski- und Snowboard-Spaß

Salzburg

Procedure for Purchasing Real Property in Austria

By Mario Kapp and Raffaela Lödl, KAPP & STRIMITZER Rechtsanwälte GmbH

As a consequence of the Austrian ‘intabulation principle’ the actual acquisition of a house, a plot or a freehold apartment only takes place upon the registration of the buyer in the Austrian land register. Getting there involves several key legal steps. Therefore legal advice should be obtained, especially in the following areas:

New commercial building for sale at Udonthani city in Udon Thani, Thailand

Property in Thailand: A Mixed Bag

By Paul Gambles, MBMG Group

Looking at the Bank of Thailand’s house-price index shows an unchecked 64% rise in the last ten years. But that doesn’t go anywhere near to telling the whole story.

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