Real Estate & Property
Cross-Border Real Estate
Buying, selling and holding property in a country other than where you live.
Overview
What this involves
Owning property in another country brings layers of complexity: different title systems, foreign tax rules, restrictions on foreign ownership and the practical difficulty of managing a transaction from a distance.
KMC Justice advises foreign buyers of New York property and US residents who invest in property abroad.
How We Assist
How KMC Justice Can Assist
We explain the process in each country, coordinate with local counsel and prepare the documents, including powers of attorney where the buyer or seller cannot attend a closing. We also advise on how to hold the property for tax and succession purposes.
Scope
Matters We Handle
- Purchases of US property by non-residents
- Purchases of foreign property by US residents
- Ownership structures for tax and estate purposes
- Powers of attorney and remote signings
- Financing for foreign buyers
- Inheritance of property across borders
FAQs
Frequently asked questions
Can I complete a purchase without traveling?
Often yes, using a power of attorney and properly authenticated documents. We explain the requirements.
What tax issues come with owning property abroad?
They vary by country. We coordinate with tax advisors on both sides.
How should I hold property for my family?
That depends on your goals and the laws involved. We discuss options such as individual, joint or entity ownership.
This page provides general information, not legal advice. Every situation is different. Contact us to discuss yours.
Request a Consultation
Discuss your cross-border real estate matter with us.
Tell us briefly about your situation. We will review your inquiry and respond as appropriate.