Posted by admin | Posted in vacation rentals | Posted on 26-01-2011
Tags: condos now selling, estate, home, housing, real-estate, realestate
what are the tax implications for a UK citizen selling a US property?
I am in the process of selling a condo in LA which I bought 3 years ago with cash for $180,000. I am now selling it for $349,000 and I am a foreign national (UK).
I cannot remember if it’s 20% or 30% that gets held by the title company until tax issues are settled.
Lake Washington Area Condos, Now Selling
