Selling a property

[Edouardos]

Hi All!
I have recently invested in a wrecked house in Florida and after some major rehab I finally managed to receive some offers on it. My question is, after selling and paying all the costs to title companies and agents etc. etc., what other taxes are associated with it? Would I have to pay anything when I transfer money back to UK (where I live)?

Any opinions on my issue would be highly appreciated.

Thank you in advance

[stevefiction28]

Taxed property includes homes, farms, business premises, and most other real property. Many jurisdictions also tax certain types of other property used in a business. Property existing and located in the jurisdiction on a particular date is subject to this tax. This date is often January 1 of each year, but varies among jurisdictions.

[kane9539]

There are no restrictions on people from foreign countries purchasing or selling property in the U.S.. Costs for property purchase vary between 3% - 5% of the cost of the property.