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Tag: Taxes

17 May
View of a boat house on the famous Lake Braies with emerald water in Italy

Don’t Buy Real Estate Overseas Until You Understand These Taxes

Before making an investment in real estate overseas, it’s important to understand what the total cost of the purchase will be, both immediately and long term, including your tax obligation. Transfer taxes, for example, can be considerably higher than in the United States. On the other hand, one big benefit of diversifying into property markets […]

06 May
Sunrise on Lamai Beach on Koh Samui in Thailand.

Taxes For The Global Citizen

A reader wrote this week to tell me why he’s not on board with our recommendation of Colombia as a top lifestyle choice in the Americas. His beef is taxes. Someone told the guy that Colombia taxes anyone who is in the country for more than six months on his worldwide income… and, further, that

16 Sep
A man filing taxes

The Challenges Of Tax Filing While Being Abroad

Oct. 15 Looms—Here's What You Need To Know To Stay Compliant That is, any American who filed for an extension is now buckling down to prepare his 2018 tax return... myself included. One related topic that has been generating lots of questions for me, both during last week's Retire Overseas Conference in Houston and in my inbox [...]
14 Feb
man calculating taxes with a calculator

How To Stay Compliant With Offshore Taxes

Everything The American (And Canadian) Needs To Know About Offshore Taxes This month’s issue of my Simon Letter service features my annual review, overview, and update on taxes for the American abroad. The big change affecting us Americans overseas since my report this time last year is the 2017 tax law that now forces U.S.-controlled [...]
03 Dec
portimao, portugal beach

Five Flags: Comparing Panama And Portugal’s Citizenship, Residency, Real Estate, And Taxes

#1 Choice For Going Offshore In 2019 We Americans tend to dismiss Europe for overseas lifestyle and investment options, thinking this part of the world is too complicated or too expensive. The truth is that some European countries can be cheaper than destinations that might much sooner come to mind as top live and invest [...]