Real Estate

Rules for Taxing Gain on Former Second Home or Rental Home – 2008 HERA

The 2008 Housing and Economic Recovery Act (HERA), H.R. 3221, included a provision that modifies the application of the $250,000/ $500,000 exclusion, but ONLY in situations in which an individual who owns a second home or rental home converts it to use it as his/her principal residence. When the former […]

How is the Sale of a Foreign Personal Residence Taxed in the US?
Selling Foreign Property

US citizens (and green card holders) are required to use the US Dollar as their “functional currency” for all “personal” transactions, including the purchase and sale of a foreign residence. There are actually two separate taxable transactions that occur when you sell a foreign residence – “Capital Gain” and “Exchange Rate Gain”

Demystifying Personal Finance for American Expatriates
Demystifying Personal Finance

Overseas assignments have many wonderful benefits, though they can also be uniquely challenging. The complexity of managing one’s financial wealth often tops the list of these challenges. This is particularly true for American citizens. In order to properly guide Americans through the process of expatriation, global mobility and HR professionals ought to have a working knowledge of the financial challenges their American assignees face.

  • Our experts share their latest research, experiences and how to increase financial intelligence to make confident, enlightened decisions.