Offshore Belize Real Estate IRA
Because the individual retirement account (IRA) industry has been dominated by large transaction-driven custodians who have focused on a narrow universe of IRA investments and because the large securities and brokerage industry has dominated the media with their IRA advertisements, the unsung self-directed IRA accounts and especially the offshore Belize real estate IRA have been woefully neglected. But now with the stock market being a tremendously dangerous place to invest in because of all the countries going bankrupt, your contributions to self-directed IRA accounts which are invested into the Belize offshore real estate ira shine out as a beacon of light and hope in the midst of spiraling financial darkness.
The U.S. Internal Revenue Service code's self directed ira rules allow that contributions to self directed IRA accounts can be used for the purchase of real estate in many forms including commercial, residential, raw land, both FOREIGN and domestic. The self-directed IRA rules say that you may not personally use the property for business or as a residence as long as the self-directed IRA account owns the property. These self-directed IRA rules say that after the age of 59 1/2 the property in your offshore Belize real estate IRA can be distributed to yourself and then you are free to do what you want with the property.
Contributions to real estate self-directed IRA accounts such as Belize offshore real estate IRAs have additional rules governing them. One of these rules state that while the asset is in your IRA then the property can be rented to others, but not to family, excepting siblings. Furthermore, the rental income received by the offshore Belize real estate IRA is tax deferred, or even better yet it is tax-free if you buy it in your ROTH IRA. You can legally collect decade's worth of rental income and never pay a penny in tax. You pay the piper when you distribute the property out to yourself, in the years to come.
A clever legal strategy that a few consultants recommend to their clients is to establish a ROTH and transfer assets into the ROTH while paying the tax on the transfer. This is for clients who desire to buy property that they expect will appreciate highly. After five years they can distribute the property in the offshore Belize real estate IRA to themselves when they reach the age of 59 1/2. The property is then entirely penalty free and also tax free. There is no tax to be paid on this transaction according to present self-directed IRA rules pertaining to ROTH contributions to self-directed IRA accounts that have appreciated in value.
To learn more about making contributions to self-directed IRA accounts and setting up an offshore Belize real estate IRA please contact us and we will put you in contact with a lawyer who is very knowledgeable about self-directed IRA rules. We can not advise you ourselves. They have a web site to look at and a book you can read to gain more knowledge. We also have a 25 year old IRA custodian that is an expert in setting up offshore Belize real estate IRAs for their clients. The cost is only $50 to set up the IRA and about $250 per year for each property in the IRA. But before you request information please familiarize yourself with why Belize real estate is such a good investment here: http://www.palmbayclub.net/why-belize-real-estate.html
DISCLAIMER:
Nothing on this page should be construed as legal, tax and/or Belize real estate IRA purchasing advice. Palm Bay Club Associates does not sell investments, land, or take contributions for self-directed IRA accounts. We're not brokers, self directed IRA account money managers, or financial advisors. Any action taken in regards to the
information contained on this web page and in this web site should be undertaken only upon the advice and counsel of a trained legal and/or accounting professional who knows the current and updated Belize offshore self-directed IRA rules.
Palm Bay Club Associates only offers research and passes along generalized wealth-enhancement ideas, and generalized financial education as it relates to an offshore Belize real estate IRA. We are not liable for any loss or dashed expectations you incur that is directly or indirectly related to a purchase because of your use of the information on this web page and web site. Please consult with the attorney and custodian for updated information pertaining to your desired contributions to self-directed IRA accounts and the purchase of a Belize real estate IRA.
