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re: Buying land in Europe?
Posted on 2/15/26 at 12:46 pm to magildachunks
Posted on 2/15/26 at 12:46 pm to magildachunks
It's common. Google exit tax.
Source: I'm a tax attorney
Source: I'm a tax attorney
This post was edited on 2/15/26 at 12:46 pm
0
Posted on 2/15/26 at 12:47 pm to magildachunks
quote:
What they don't realize is that no matter where you live in the world, America views you as a taxpayer and will come for Her money.
I haven’t had a US tax burden in 3 years. If I were still going back and forth to the US and was being paid out of the US then, yes, I could be double taxed. I’m on a German contract now and don’t travel back anymore so I only pay taxes in Germany.
This post was edited on 2/15/26 at 12:52 pm
Posted on 2/15/26 at 12:50 pm to BigBinBR
quote:Even more the Romans had a hand in establishing cities all over Europe in England, Germany, France, Spain, ect., including London and Paris. It's relatively close
It’s a little more than “close to Europe,” it’s actually in Europe. It’s one of the 6 founding countries of the EU.
Posted on 2/15/26 at 12:52 pm to FAT SEXY
quote:
Somewhere in the UK could be interesting..
Hope you build a moat & hire Blackwater to keep the Muslims out.
Posted on 2/15/26 at 1:07 pm to czechtiger
quote:
Hungary/Croatia/Slovenia.
If the Russians don’t invade in 15-20 years you’ll be sitting pretty
I'm not sure that's a real big concern.
Russia isn't very good at the whole "invading" thing.
Posted on 2/15/26 at 1:21 pm to redstick13
quote:
I haven’t had a US tax burden in 3 years. If I were still going back and forth to the US and was being paid out of the US then, yes, I could be double taxed. I’m on a German contract now and don’t travel back anymore so I only pay taxes in Germany.
I lived nearly a decade in England. Didn’t get taxed by the US one cent but taxed by the UK. US saw what I paid and felt sorry for me I guess lol.
Posted on 2/15/26 at 1:25 pm to FAT SEXY
Waiting on Cuba to open up. Beach front property on the cheap!!!
Posted on 2/15/26 at 1:36 pm to FAT SEXY
Aren't property rights in many European countries kind of gray. You don't actually own it but have a 99 year lease on the land that is automatically renewed at a nominal rate but you have to get permission to do certain things with the property.
Posted on 2/15/26 at 1:37 pm to soccerfüt
quote:
Mildly interesting for around $100k initially and then an estimated annual $10-$20k for maintenance/upkeep/ taxes/repairs.
Each? $100k each for start-up and another $20k each per year?
That doesn’t sound right
Posted on 2/15/26 at 1:47 pm to upgrayedd
Hmmm….never seen Greg spelled Graig…interesting. :)
Posted on 2/15/26 at 2:18 pm to Sho Nuff
For travels Croatia is fantastic in the summer. Great people lots of beautiful scenery on the coast etc. Great local seafood and the people have the right attitude about life. Women are gorgeous as well.
Posted on 2/15/26 at 4:10 pm to kciDAtaE
quote:The property was ~$400k, there’s some fees for US ownership, as well as some work to be done to it. The $20k per year for maintenance and overhead was a budget number. I’m sure that would be less in reality over years.
Each? $100k each for start-up and another $20k each per year? That doesn’t sound right
Possibly you’re thinking of us not owning it outright?
I’ve owned a boat in a three-way (
) partnership, that went well. I took more care of the boat than the other two but I also got more use of it. I realize the odds are against finding perfect partners. That’s one of the reasons I passed on the “opportunity”.
Posted on 2/15/26 at 4:14 pm to soccerfüt
I’m just trying to figure your math. You said it was $100k each and $20k a year after that.
I’m asking if that is $20k per person meaning $100k total with 5 people. $100k a year to maintain a $500k property doesn’t make sense.
Is one figure per each person and the other a total number?
I’m asking if that is $20k per person meaning $100k total with 5 people. $100k a year to maintain a $500k property doesn’t make sense.
Is one figure per each person and the other a total number?
Posted on 2/15/26 at 4:15 pm to FAT SEXY
quote:we periodically look at real estate in North/East Sicily.
Buying land in Europe?
I imagine one day when we have the luxury of time and can make regular trips over there, we will likely buy something.
Posted on 2/15/26 at 4:50 pm to FAT SEXY
I would look at Italy or Portugal before the UK or Ireland
Posted on 2/15/26 at 6:23 pm to czechtiger
quote:
I live in Central Europe. Lots of positives, won’t bother listing them now.
Poland! Although the millions of Ukrainian refugees they've accepted have likely pushed up prices.
UKI is not as idyllic as OP thinks it is. Poland and other ex-Warsaw Pact countries are the least likely to do the whiplash "sort of capitalism - Marxism" that South America tends to do.
Posted on 2/15/26 at 8:16 pm to FAT SEXY
I own a 1/8 share of a rental property down in Pittsburgh. Is that about the same thing?
Posted on 2/15/26 at 9:38 pm to redstick13
You out of the O&G gas game or found the last remaining job in Europe?
Posted on 2/15/26 at 10:09 pm to rltiger
quote:uh have you been paying attention to the UK over the last year? Or France, Spain, and Germany for that matter? It’s worse than anything here.
Europe ain’t America, you need a visa. My SIL lived in London for 4 years and their immigration policies are a lot tighter than the loose shite here.
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