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Unique investment opportunity which for some, truly should not be passed up.This is the sale of a Jersey (Channel Islands) Company + U.S. subsidiary with legal, banking, accounting, and management already in place, of course with the four properties it owns in three of Boston's premier luxury residential buildings: Millennium Tower-Midtown, The Clarendon-Back Bay, and The Mandarin Oriental-Back Bay.The benefits for international buyers are noteworthy, which include: no estate tax (up to 40% for non-U.S. citizens), no capital gains tax, no FIRPTA withholding (typically 15% total sales price not returned until after the calendar year’s taxes are filed), international anonymity, and for some this will be the most important...ability to place any currently owned properties in the U.S. into the company in order to retroactively use the company benefits.
|2 days ago||Listing updated with changes from the MLS|
|4 weeks ago||Status changed to Pending|
|a month ago||Status changed to Active Under Contract|
|2 months ago||Listing first seen online|