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Re: SXM - Buying property residency - what are rules?
[Re: sxmmartini]
#88103
02/27/2016 06:36 PM
02/27/2016 06:36 PM
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Joined: Jan 2016
Posts: 178 New Hampshire
Hdrdr911
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Traveler
Joined: Jan 2016
Posts: 178
New Hampshire
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US citizens can stay six months uninterrupted and that can be extended. Canadians only three. Thats for the Dutch side. Both the French and Dutch governments have information on their web sites. Any realtor on the island also has the information you need.
If the phone doesn't ring .... it's me
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Re: SXM - Buying property residency - what are rules?
[Re: sxmmartini]
#88105
02/28/2016 09:20 AM
02/28/2016 09:20 AM
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Joined: Jan 2016
Posts: 178 New Hampshire
Hdrdr911
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New Hampshire
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sxmmartini said: I was wrong. I found the sintmaartengov .org website. Thanks! Americans duration of stay is 6 months. No problem. Like a broken clock I'm right at least a couple of times a day. Cheers <img src="http://www.traveltalkonline.com/forums/images/graemlins/handshake.gif" alt="" />
If the phone doesn't ring .... it's me
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Re: SXM - Buying property residency - what are rules?
[Re: Hdrdr911]
#88108
02/28/2016 12:10 PM
02/28/2016 12:10 PM
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Joined: Jan 2016
Posts: 178 New Hampshire
Hdrdr911
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Posts: 178
New Hampshire
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Sound advice. Logic dictates if you have property on the French side you need to mindful of the rules there. Don't go down the road of who's checking, follow the rules(not suggesting you are thinking otherwise) and you'll never have to look over your shoulder. There is a "substantial presence rule" in almost every tax code and you need to be mindful of that. I do have experience with this being a US citizen owning property in Canada. Good luck and Cheers
Last edited by Hdrdr911; 02/28/2016 12:14 PM.
If the phone doesn't ring .... it's me
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Re: SXM - Buying property residency - what are rules?
[Re: PelicanPirate]
#88110
02/28/2016 12:24 PM
02/28/2016 12:24 PM
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Joined: Aug 2000
Posts: 82,724 Central Florida!
Carol_Hill
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Honestly, I'm not sure anyone here knows the answer to your question. Better to consult a real estate agent AND an attorney that knows French side laws.. But definitely start with a real estate agent. Several years ago, I know that most Americans purchased property on the Dutch side because of the high taxes on the French side. I don't have any idea whether that is still the case or not. Personally, if you really are interested, suggest you contact a real estate agent, or two, for some advice.
Carol Hill
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Re: SXM - Buying property residency - what are rules?
[Re: Carol_Hill]
#88111
02/28/2016 01:26 PM
02/28/2016 01:26 PM
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Joined: Jan 2016
Posts: 178 New Hampshire
Hdrdr911
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Posts: 178
New Hampshire
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Carol_Hill said: Honestly, I'm not sure anyone here knows the answer to your question. Better to consult a real estate agent AND an attorney that knows French side laws.. But definitely start with a real estate agent. Several years ago, I know that most Americans purchased property on the Dutch side because of the high taxes on the French side. I don't have any idea whether that is still the case or not. Personally, if you really are interested, suggest you contact a real estate agent, or two, for some advice. More sound advice however what is known as an Expert-Comptable which is the French equivalent of a US CPA will have the answers to your tax questions more readily than an ordinary attorney ( with apologies to all you learned counsels out there) been there! The realtor is the place to start. Again good luck and Cheers
Last edited by Hdrdr911; 02/28/2016 01:28 PM.
If the phone doesn't ring .... it's me
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Re: SXM - Buying property residency - what are rules?
[Re: Hdrdr911]
#88112
02/28/2016 02:13 PM
02/28/2016 02:13 PM
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Joined: Aug 2000
Posts: 82,724 Central Florida!
Carol_Hill
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Central Florida!
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Could be, but is a CPA going to know the residency rules?? Don't know. Regardless, better to get real professional advice, versus people here who are probably only guessing at answers..
Carol Hill
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Re: SXM - Buying property residency - what are rules?
[Re: PelicanPirate]
#88113
02/28/2016 05:32 PM
02/28/2016 05:32 PM
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Joined: Jul 2013
Posts: 837 Florida
wilsonck
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Posts: 837
Florida
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183 days is the magic number in regards to being a french resident for income taxes. Check out this site. It has some good info.
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