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We are Canadians and own a home in North Port. We are

Customer Question
thinking of selling and buying...
We are Canadians and own a home in North Port. We are thinking of selling and buying another home. What type of taxes would we be paying either here or in Canada?
I appreciate your advice.
Cheers
Betty Kerman
Submitted: 2 years ago.Category: Real Estate Law
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Answered in 3 minutes by:
2/26/2016
Real Estate Lawyer: Ray, Lawyer replied 2 years ago
Ray
Ray, Lawyer
Category: Real Estate Law
Satisfied Customers: 48,928
Experience: Texas Attorney for 30 years dealing in real estate
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Hi and welcome to JA Betty.

The only Us taxes here you owe are transfer taxes for any sale of real estate.These are negotiable here as part of a sale.

Reference to transfer taxes..

http://www.ncsl.org/research/fiscal-policy/real-estate-transfer-taxes.aspx

There are no federal income taxes here if you are a Canadian and file there.You may well owe taxes on the sale in Canada.

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