US Property

We represent U.K. resident clients in the purchase of U.S. property, including residential homes, land, commercial buildings, and businesses.

Although English is our common language, U.S. property purchases have unique nuances that the U.K. purchaser needs to understand. It first begins with the frequently encountered term “real estate,” which refers to land itself and anything growing on, attached to, or erected on the land.

Many shared terms have different meanings. For example, the term “survey” in the U.S. is not a property inspection but a technical drawing setting out a property’s boundaries. Another example is “standard contract” which in the U.S. does not mean a contract used by all buyers and sellers across the U.S. state, but simply refers to that particular seller’s preprinted contract which its buyers sign.

The U.K. and U.S. tax income, capital gains, and inheritance taxes differently and reciprocal tax treaties have been agreed. U.K. resident purchasers of U.S. property face different tax treatment and have more options than U.S. purchasers.

From tax implications to the understanding of U.S. terminology, Bennetts can help you understand U.S. property purchases. We’ll ensure that all parties speak the same language—so you can make informed decisions.