- Real Estate: Purchase and Sales Agreements, Deeds and Conveyances, Financing and Title Issues.
- Property Rights: Easements, Covenants, Agreements, Adverse Rights and Boundary Disputes.
- Land Use: Legal Lot Status, Permits and Approvals, Property Development and Environmental Compliance.
Canadian Non-U.S. Residents Buying Real Estate in Washington State
- A Canadian who is a Non-U.S. Citizen or non-U.S Tax Resident should plan in advance prior to buying real estate in Washington State, which is very different from buying real estate in B.C. and Canada. I recommend you read my blog article about What Canadians Need to Know about Purchasing Washington State U.S. Real Estate .
Canadian Non-U.S. Residents Selling or Gifting Real Estate in Washington State
- A sale of U.S. real estate may require the buyer to withhold 15% of the sales price by the foreign seller on most transactions unless exempted.
- A sale of U.S. real estate may result in U.S. tax liability to the foreign seller although the tax rate may be reduced by capital gains treatment and the US-Canada Tax Treaty. Tax paid in the U.S. may be a credit against taxes owed in Canada.
- A gift of U.S. real estate is generally not favorable and may result in U.S. tax liability. Non-U.S. residents are generally limited to gifting $15,000 USD per year of U.S. based assets tax free.