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.
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.
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.
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.
By Alex Barnes and David O’Dwyer, Memery Crystal LLP
Members of Memery Crystal’s retail team have recently been published in Estates Gazette examining the key issues that need to be considered when selling some or all of your pub portfolio.
Claudio Cocca, Geneva Group International
Published: January 2010
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.
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.
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’.
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.
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.
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.
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.
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.
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.
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.
Fünf Regeln für ungetrübten Ski- und Snowboard-Spaß
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:
By Paul Gambles, MBMG Group
With its year-round summer climate, friendly people and a relatively low cost of living, Thailand has become a soughtafter place to live. Despite increased supply, average condominium prices have gone up by over 50 per cent since 2009.1 Yet, at an average of around USD 3,500 per m2 (about EUR 3,200) for a city-centre apartment, Bangkok still represents relatively good value (see chart).2
By M. Yolanda Pereira Z. & Antonio Villa Berkemeyer, Berkemeyer Attorneys & Counselors
Paraguay has excellent land for agriculture, forestry and cattle rearing at relatively lower prices in comparison with neighbouring countries. This has attracted many investors. The acquisition of land is open to foreigners except for the restriction that the border security law imposes on nationals or companies from neighboring countries, Argentina, Bolivia, Brazil. It prohibits ownership of land within fifty kilometers of the border. The restriction may be waived by decree on public interest grounds.