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Can Foreigners defer capital gains taxes by buying another investment property?

An Flamand Orlando Real Estate BrokerHi my name is An Flamand, I’m the Broker with Orlando Vacation Realty and today’s question is ‘can foreigners defer capital gains taxes when buying another investment property?’.
Yes, foreigners can actually defer capital gains taxes when buying another property. It’s called the 1031 Exchange. However, it can be kind of tricky and there are some rules and regulations that you need to be aware of. For sure, your Realtor or your Broker should be able to explain to you in detail what the requirements are to a 1031 Exchange. So, it is definitely possible to defer capital gains taxes when buying another investment property. Just know the rules and regulations and make sure you meet the requirements.
If you have any other questions, email me at An@OrlandoVacationRealty.com . And, I look forward to hearing from you! Have a great day.