I noted recently a suggestion on this forum about buying property in the USA.
My husband is American and holds Aust Citizenship and I am Australian and hold USA resident alien status. My husband is also entitled to a Vet loan in the USA for $US27,500.
Has anyone purchased property in the USA recently as I would like to know:
1. How you sourced the property.
2. Who is managing the property.
3. What are the tax implications in USA and Aust. At present there is no reciprical agreement between USA and Aust and as I understand it, we would have to pay tax in both USA and Aust. My local Federal Member's office staff told me last year that US and Aust were negotiating a reciprical agreement and I am yet to verify that this has been finalised.
Thanks
JoanneL
My husband is American and holds Aust Citizenship and I am Australian and hold USA resident alien status. My husband is also entitled to a Vet loan in the USA for $US27,500.
Has anyone purchased property in the USA recently as I would like to know:
1. How you sourced the property.
2. Who is managing the property.
3. What are the tax implications in USA and Aust. At present there is no reciprical agreement between USA and Aust and as I understand it, we would have to pay tax in both USA and Aust. My local Federal Member's office staff told me last year that US and Aust were negotiating a reciprical agreement and I am yet to verify that this has been finalised.
Thanks
JoanneL