Looking at a potential home abroad? Whatever the price, it's a lie.
The number on the closing statement is just the beginning.
Owning it can tax you every year you hold it, again when you sell, and once more after you die.
In this video, IMI has mapped the six hidden taxes most residence buyers miss before buying another residence overseas.
Most investors focus on a single number when they purchase property abroad, the price.
The tax exposures attached to the title never show up on the closing statement, and several of them apply whether or not you ever move in, rent the place, or spend a single night there.
In many countries, owning a home is a taxable status on its own, separate from any income it earns and separate from where you live.
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