While the real estate industry in Florida has benefited from a strong appreciation, the stock market offers several opportunities with extremely attractive assets. One strategy to consider is selling real estate and invest on the US stock market. Did you know that non US residents do not not owe any capital gains taxes while trading on US stock market?
A non US resident or citizen can open a U.S.- based portfolio investment account and not owe any capital gains taxes in the U.S. !
U.S. tax law has long encouraged foreign taxpayers to invest and trade in U.S. financial markets.
When an asset, such as a share of stock (or any other security), is held for investment, any gain or loss on its sale or other disposition is usually considered a capital gain or loss. When a nonresident sells investment stocks or securities at a gain, that gain is exempt from U.S. tax. Note that for U.S. nonresidents, dividend income received with respect to stock issued by a U.S. corporation is subject to a 30 percent (or lower, if a lower rate is available under a treaty) U.S. withholding tax.
Reminder: There are exceptions, rules and requirements on this general information, please call us for more information regarding your specific case.