Residential Home Ownership Planning

Residential Home Ownership Planning

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When you are buying a primary or vacation home, you typically hire the services of a lawyer in the jurisdiction of the property. Usually, as occurs in parts of Europe, a notary can handle the contract, any problems and, in some jurisdictions, the closing as well. In some locations, such as the New York City area and parts of Germany, Dentons provides such services. If you are buying a primary or a vacation home in a jurisdiction in which you do not now live, proper planning can minimize or eliminate avoidable taxes and often, unnecessary future legal expenses and delays. In such cases, you can rely on Dentons’ team of real estate lawyers and other professionals to provide outstanding advice.

Whether you’re a US citizen with plans to purchase a home or condominium in a state other than one that is your primary residence, or you’re considering residence in another country, call on Dentons for effective, efficient legal advice.

We help you develop the most effective ownership structure in advance of a vacation or primary home purchase. We help you decide whether a company or a trust should be involved in your purchasing strategy and, if so, how and where it should be formed, what its provisions should be, who should operate it, whom you should identify in your succession ownership plans, and so on.

Dentons’ Trusts, Estates and Wealth Preservation team—or, in certain locations, our Tax Group—has the knowledge, experience and expertise to provide excellent service to you.

Insights

Third round of cooling measures to Singapore’s residential property market

May 4, 2023

Singapore: On 26 April 2023, the Government announced increases in the Additional Buyer’s Stamp Duty (ABSD) rates, which marks a third round of property cooling measures since December 2021. In this client alert, we will highlight the changes in the ABSD rates that are most relevant for our clients, as well as provide our perspective on the increase in ABSD.