A lot of advantages can be gained by purchasing property in Florida through corporate structures. This means that the subsequent transfer henceforth of property can be affected by transferring the shares of the offshore company keeping the name of the Florida property unchanged in the hands of some Florida property owning company.

Followings are the advantages of such a setup:

1. AVOIDANCE OF U.S. INHERITANCE TAX - according to the laws in the US on the death of the owner of the property Inheritance Tax would be incurred irrespective of the residency of the owner of the property. The rate of Inheritance Tax in the US can go up to as much as 46% (2006-2008 rates) . However companies don’t have to pay Inheritance Tax because the Companies have perpetual life.

2. AVOIDANCE OF U.S. CAPITAL GAINS TAX -in the state of Florida resale of property also leads to taxation. The rate can be somewhere around 15%, however, this rate can go up to as much as 35% if the re-sale takes place within the period of a year from the date of purchase of the property. Instead of selling the property if the shares of the company are transferred the burden of tax can be avoided.

3. SAME DAY COMPLETION - since it is a mere transfer of the shares the local legal requirements don’t have to be considered. This means that the re-sale can take place quickly and that too in a very hassle free-manner.

4. EASE OF SALE - mere transference of the shares in an offshore company saves one a lot of time and energy because it doesn’t require the lengthy and complicated procedures to get a title in Florida. Thus it is a lot more quick, easy, and cheap.

5. PROPERTY FINANCE FACILITY - you can use the shares of an offshore company as the security for obtaining a loan to purchase the property. Generally the shares are kept as security to obtain a loan equivalent to a proportion of the value of the property.

6. PRIVACY, CONFIDENTIALITY AND ASSET PROTECTION -these are the other advantages of ownership of the property via an offshore company.

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