By
Gary Scott
Many readers are looking for
ways to protect their pensions from the falling dollar withinternational tax planning
strategies and have asked if they can use their IRA or pension to invest in Ecuador
real estate. International Tax Planning Strategies of this type can work.
Many feel that property is a
good inflation hedge but U.S. real estate prices may be high and Ecuador real
estate may not be so inflated so we need to ask if we can blend international
real estate withinternational tax planning strategies.
The good news is, yes, real estate
can be held in a pension or IRA subject to several provisos. The second yeas is
that international real estate can be work with yourinternational tax planning
strategies.
International Tax Planning Strategies
Privisos
The first priviso is that the
property cannot be involved in any prohibited transactions (such as lived in or
used by pension beneficiaries or related parties). Second some income from real
estate transactions within the pension may not be tax deferred.
The rules that govern what can
and cannot be done are highly complicated so be sure to investigate them carefully
before you act.
International Tax Planning Strategies
Trustees
Our friend of many years, Larry
Grossman, has successfully assisted clients in purchasing property in numerous
countries and a variety of different projects. Specifically he have helped clients
purchase property in Mexico, Honduras, Nicaragua, Panama, Costa Rica and Belize
to name a few. He works with IRA trustees who make this possible.
His firm specializes in assisting
investors in getting the transactions done in a legal and compliant fashion, making
sure the money gets from wherever you currently have it, to the new custodian
and ultimately into the seller's hands. His firm charges a one-time fee of 1%
to make this all happen efficiently and without triggering a prohibited transaction
or premature distribution.
If you are interested in shifting
your IRA into some real estate you can reach Larry at lgrossman@worldwideplanning.com
or see the web site at www.worldwideplanning.com
International Tax Planning Strategies
Contacts
Websites that can lead you experts
in this field include:
www.Coxnici.com
www.pnrlaw.com
assetlaw.com
Until next message, good international
business and international investing!
Gary
P.S. Learn more about protecting
against the U.S. dollar's fall. Currency experts from Jyske Bank will conduct
a session on this tactic at our upcoming international business and investing
course in Quito, Ecuador. Details are at GaryaScott.com
Real international business is
fun and can bring tax advantages and asset protection. Gary and Merri Scott gain
tax advantages as they enjoy developing their healing center in Ecuador. For more
on Gary & Merri's humanitarian efforts go to Landofthesun.org
The Gary Scott websites are about
more than just international tax planning strategies with real estate. Our goal
is to provide stimulating ideas and useful resources about international business,
overseas investing and global health secrets to help you live a healthier, more
affluent and fulfilling life. As part of this process we offer links to our friends
and readers around the world. Today's link is GalapagosIsland.net
Columbus Travel Ltd. is a major
online travel agency in Ecuador, that has been operating Galapagos cruises since
1997. Headed by Norwegian management they are a member of the Ecuadorian Tourist
Board, the Tourist Board of Pichincha (Quito), and have been recommended as reliable
tour operators by the South American Explorers Club in Quito, and by Exito Travel
in the United States.
Photo aboveis from website Galapagos.org
Real international business is
fun and can bring tax advantages and asset protection. Gary and Merri Scott gain
tax advantages as they enjoy developing their healing center in Ecuador
