Form 8288-B May Reduce a Foreign Investor’s FIRPTA Withholding Tax Liability on Sale of a U.S. Real Property Partnership Interest
Foreign investors are often motivated to acquire U.S. real property when considering the opportunity for appreciation in value and a profitable return on investment. There are different investment structuring alternatives that may attract foreign investors to the U.S. real estate market. A common typical structure that has certain advantages is the U.S. blocker corporation. The…Read More
Foreign Investors in U.S. Real Property May Reduce FIRPTA Withholding Tax Liability by Filing Form 8288-B Exemption Certificate Application
Foreign investors often invest in commercial and residential real property located in the United States. The economic advantages of U.S. real property investment include the opportunity for appreciation in value and a profitable return on the investment. The Internal Revenue Service has noted a “phenomenal rise” in foreign investment in U.S. real property due to…Read More
Pending Tax Legislation’s Effect on Timing the Sales of Real Estate by Foreign Investors in U.S Real Estate (FIRPTA)
Under the pending legislation in Congress, the House of Representatives has passed legislation to reduce the corporate income tax rate from 35% to 20% effective January 1, 2018. The Senate tax bill reduces the corporate income tax rate from 35% to 20% but the effective date is one full year later on January 1, 2019. For…Read More
Foreign Investment in Real Property Tax Legislation May Come in the Form of a Tax Bill
Those looking for Congress to pass lots of foreign investment tax legislation in the next year will likely be disappointed. But the tax reform effort that Republicans are currently brewing in Washington, while not aimed squarely at foreign investors, could have a huge impact. Tax reform could be very beneficial for non-U.S. investors, particularly those…Read More
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