What do I need to know when buying property in Sri Lanka?

"1. It is important to research the local market and understand the current trends in the area you are looking to buy in. 2. Make sure to get a lawyer to review any contracts or agreements before signing. 3. Be aware of any taxes or fees associated with the purchase of the property. 4. Consider the location of the property and the potential for future development. 5. Make sure to check the title deed of the property to ensure it is free from any encumbrances. 6. Be aware of any restrictions or regulations that may affect the use of the property. 7. Consider the cost of living in the area and the availability of amenities. 8. Make sure to inspect the property thoroughly before making a purchase," said another in Sri Lanka.

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We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.

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Universal Tax Professionals

We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.
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