Overseas property tax havens

Buying overseas property to avoid tax in your own country requires good timing

Overseas property tax havens 

We all hate paying tax but sadly it is a fact of life and some countries such as the USA and the UK have heavily invested in getting the most tax from those who live upon its land. In the UK for example property investors who make a profit on their property portfolios are taxed quite heavily on the profits with a Capital Gains Tax. It would be great for the UK property investor just to move abroad to avoid this tax but unfortunately the government still makes them liable. UK residents need to be live abroad for 3 years before the tax man will class you as a non resident. The system allows those no longer to be classed as residents to visit Britain for under 90 days per year.

Bahamas a desirable place for tax exiles

Is there a place in the world where tax payers can escape all this taxation. 

Earning a tax free salary is a dream come true for many just think what would your income be without paying a penny of tax. There are many locations worldwide that personal taxation is not part of the government structure. Overseas property buyers with future taxation issues may want to look at the following tax havens.

A few overseas property regions known to be tax havens for your consideration

• Aruba
• Andorra
• Anguilla
• Antigua and Barbuda
• The Bahamas offers ex pats no income tax and no inheritance tax.
• The Cayman Islands offers no income no Capital Gains tax  and no inheritance tax
• Belize offers foreigners no restrictions when buying  property  and low income tax and no inheritance or capital gains taxes
• Dubai offers a tax free existence with no personal income tax capital gains inheritance taxes.
• Mountainous country in the Pyrenees between France and Catalonia. Well known for being an independent tax haven nation.
• Bahrain
• Cayman Islands No income tax, no inheritance tax. Zero percent tax. Some VAT and hotel tax etc.
• Cook Islands
• Costa Rica
• Cyprus
• Gibraltar
• Grenada
• Isle of Man
• Jersey
• Liberia
• Liechtenstein
• Luxembourg
• Maldives
• Mauritius
• Monaco
• Montserrat
• Nauru
• Netherland Antilles
• Panama
• Samoa
• San Marino
• Seychelles
• The Republic of Seychelles
• St Lucia
• St Kitts and Nevis
• St Vincent and the Grenadines*
• Tonga
• Turks and Caicos
• US Virgin Islands

Escaping tax and overseas property  

It is clear that property investors seeking a destination to live to escape the clutches of the tax man need to plan there escape over the long term. Overseas property investors will also like the fact that it is very likely that the property they buy in their tax haven is very likely to produce a good return after all they will not be the only ones looking to buy property in a tax free zone.

Useful resources

List of UK's embassies, high commissions and consulates (also know as 'diplomatic missions' or 'posts') overseas. Overseas embassies

Guides from other property web sites

• Guardian buying property abroad. Jeremy Davies, author of Buying Property Abroad, says finding an agent to act in your best interests is essential.
• BBC - Homes - Property - Buying abroad Advice on buying property abroad. ... Buying property abroad is more popular than ever, with increasing numbers of people following their dream in ...
• Legal Aspects Of Buying Property Abroad from Channel4.com/4Homes All 4Homes:, On TV, Buying & Selling, Renting, Property Search, DIY & Building, Style, Buying Abroad,

Buying a house overseas recommended advice and guides

• Money Tax and benefits when selling property
• Buying property abroad article by Barclays Bank
• Using an estate agent
• Office of fair trading-using an estate agent
• .homeandgardenfreebies.co.uk