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Old 05.12.2012, 23:44
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Re: Foreign Property - Tax implications

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Foreign property (bricks and morter) is foreign non taxable assets
Not taxable as such, but still needs to be declared as it is used to calcite the tax rate.

For example, suppose the equity on your foreign property is 20% of your total asset value. Then they calculate the wealth tax on 100% but only charge you 80% of that.
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