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Does anyone own Property in a foreign Country?

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Filed: IR-1/CR-1 Visa Country: Peru
Timeline

I was just wondering if anyone did and how you could get around the taxing thing (Transporting over $10,000) to pay for property.


USCIS

12/03/2008...Sent I-130 form

12/04/2008...Papers reached Chicago LockBox (1Day)

12/11/2008...NOA1 (7days)

12/22/2008...NOA1 hard copy received (11 days ~ Heavy Snowfall Delayed Mail)

03/14/2009...NOA2 (92 days from NOA1)

03/24/2009...NOA2 Hard copy received (No touches or web approval)

NVC

04/06/2009...Received by NVC (23 days from NOA2)

DreAlphaBettas@aol.com

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Filed: IR-1/CR-1 Visa Country: Peru
Timeline
I have a foreign account overseas. I just transfer my money through the bank here to the bank there. Never had any problems. Not only that, I didn't even get hit with taxes.

Thats awesome. I want to buy some property in Peru, just not sure what I need to do to go about getting it without being charged for moving money.


USCIS

12/03/2008...Sent I-130 form

12/04/2008...Papers reached Chicago LockBox (1Day)

12/11/2008...NOA1 (7days)

12/22/2008...NOA1 hard copy received (11 days ~ Heavy Snowfall Delayed Mail)

03/14/2009...NOA2 (92 days from NOA1)

03/24/2009...NOA2 Hard copy received (No touches or web approval)

NVC

04/06/2009...Received by NVC (23 days from NOA2)

DreAlphaBettas@aol.com

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Filed: AOS (apr) Country: Philippines
Timeline

foreign bank account, each of us (3) brought over money each time to build up balance.... after a few trips ... or international wire transfer

Edited by payxibka

YMMV

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Filed: Citizen (pnd) Country: Cambodia
Timeline

You can ask if your bank uses SWIFT to wire money to another bank. Check the banks in PERU is they have a SWIFT wire transfer account. If they do, contact your bank here. They do take a fee depending on what bank you use over at PERU.


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I own a chicken farm through a partnership agreement. I just went to my credit union and did an electronic transfer to my business partner's account in the Philippines. I had no problems what so ever.


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United States & Republic of the Philippines

"Life is hard; it's harder if you're stupid." John Wayne

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Filed: Lift. Cond. (pnd) Country: Peru
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Open up a bank account in Lima and if I remember correctly I had to do it jointly with my wife.

Then you can do an international wire transfer......

Edited by MandR

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Filed: Citizen (apr) Country: Brazil
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I was just wondering if anyone did and how you could get around the taxing thing (Transporting over $10,000) to pay for property.

What "transporting over $10,000" thing?

moving 10k out of the country, remember that illegal that was caught with 50k on him?


* ~ * Charles * ~ *
 

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USE THE REPORT BUTTON INSTEAD OF MESSAGING A MODERATOR!

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Filed: IR-1/CR-1 Visa Country: Peru
Timeline

yeah it's on the form you fill out when your flying to another country. Are you taking out more then $10k. From my understanding it's a no-no. I owned a business down there but all the assets from that stayed that there. If we do do something like that I'll probably have the wife do half and me do half to our accounts down there.


USCIS

12/03/2008...Sent I-130 form

12/04/2008...Papers reached Chicago LockBox (1Day)

12/11/2008...NOA1 (7days)

12/22/2008...NOA1 hard copy received (11 days ~ Heavy Snowfall Delayed Mail)

03/14/2009...NOA2 (92 days from NOA1)

03/24/2009...NOA2 Hard copy received (No touches or web approval)

NVC

04/06/2009...Received by NVC (23 days from NOA2)

DreAlphaBettas@aol.com

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Filed: Country: United Kingdom
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I was just wondering if anyone did and how you could get around the taxing thing (Transporting over $10,000) to pay for property.

What "transporting over $10,000" thing?

moving 10k out of the country, remember that illegal that was caught with 50k on him?

Well it's not illegal - you can move ANY amount of money out of the country, just have to

declare it if it's over $10k.


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Filed: IR-1/CR-1 Visa Country: Peru
Timeline

do you know if it gets taxed?


USCIS

12/03/2008...Sent I-130 form

12/04/2008...Papers reached Chicago LockBox (1Day)

12/11/2008...NOA1 (7days)

12/22/2008...NOA1 hard copy received (11 days ~ Heavy Snowfall Delayed Mail)

03/14/2009...NOA2 (92 days from NOA1)

03/24/2009...NOA2 Hard copy received (No touches or web approval)

NVC

04/06/2009...Received by NVC (23 days from NOA2)

DreAlphaBettas@aol.com

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do you know if it gets taxed?

I am able to write off business expenses on my chicken farm. Net income, if I collect rather than reinvesting in the farm, is taxable.


usa_fl_sm_nwm.gifphilippines_fl_md_clr.gif

United States & Republic of the Philippines

"Life is hard; it's harder if you're stupid." John Wayne

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