What FATCA Means for Owning Foreign Property

What FATCA Means for Owning Foreign Property

You’ve found your perfect retirement paradise overseas and your attorney has recommended that you establish a foreign corporation and have it own the property for you. You’ve looked at the legal side of this and it makes a lot of sense. However, as the Foreign Account Tax Compliance Act (FATCA) regulations take effect, you have additional tax and reporting issues to consider.

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John Frogge doesn’t have a car, since everything he needs is found in the little mom-and-pop shops within a few blocks of his home. He pays $60 a month for private health insurance and the personal care he gets from his doctor, “where I never have to wait,” he says, “is outstanding.” He eats well. Food is locally grown and all natural…no chemicals added.

A Savvy Shopper’s Guide to Paris

A Savvy Shopper’s Guide to Paris

Unsurprisingly, Paris offers fashion mavens a clothes-shopping adventure like no other. Just passing the glitzy fashion houses like Chanel, Prada, and Dior on the Avenue Montaigne or Faubourg Saint-Honoré will make you feel as if you’ve tumbled inside the pages of Vogue. But if you don’t have $400 to blow on a napkin-sized scarf, you’re better off heading to the Marais neighborhood, where you can find classic Parisian chic at more affordable prices.

Mansions and Luxury Homes

Mansions and Luxury Homes

Oak floors, chandeliers, large fireplaces, and exposed wood beams are things you’d expect to find in a chateau. And this perfect country getaway in Normandy has them all. Built in 1881, it’s set on five acres and surrounded by a mixture of lush green pastures and the forest of Eu. There’s a fruit orchard and the Yres River runs through the property, with a bridge leading to a private island.