I have a property in Beijing. I am intending to sell, and buy in Singapore and maybe a couple other places. To defer capital gains tax, I need to do an 1031 exchange (doing the sell/buy without money passing thru my hands). This is an US tax thing.
Does anyone know of any lawyer/company who can help me facilitate this INTERNATIONAL transaction?
Anyone has contact for doing an US 1031 exchange?
RobertFisher
08 April 2021 23:38:51
7
beppi
09 April 2021 12:28:49
14818
Only few (single digit percentage) Singapore properties are open for foreign ownership - and they are overpriced. Are you sure you want that?
RobertFisher
09 April 2021 21:07:04
7
Based on my research SG private condo appreciates about 5-6% annually on average; HBD flats slightly less. This is not stunning return, but since I work here I want to buy a smallest unit to live in. Majority of the funds will go somewhere else more potential (maybe Vietnam, I don't know).
In any case, I need to find a law firm that can handle 1031 exchange for an international (outside US) property...
JingDe
08 March 2023 03:54:48
1
@RobertFisher I am interested to learn whether you ever obtained useful contacts or other actionable info for a US 1031 exchange into Singapore property (or out of Beijing or other property). Thanks & Regards
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