How Does FIRPTA Treat Distributions and Other Transactions by Property Investment Companies?

  |  February 2, 2018

FIRPTA taxes apply when foreign investors or property investment companies sell U.S. real estate assets. But what about distributions, liquidations and other transactions? A complicated system of FIRPTA rules apply to these situations and it is important to understand how these rules apply before structuring transactions. We’ll discuss some of the more common cases. Generally... Read More

United States Department of Commerce Statistical Forms for Foreign Investors in United States Real Estate (FIRPTA)

  |  January 15, 2018

If a foreign investor acquires at least a 10% voting control of a United States commercial real estate property, in addition to income tax filings, they will be required to file information forms with the United States Department of Commerce, Bureau of Economic Analysis (“BEA”). These reports filed by the foreign investors are not made... Read More

When Selling Investment Properties, You Should Know How FIRPTA Applies

  |  January 5, 2018

Let’s say a foreign corporation owns a building in the United States that houses a restaurant. Suppose the corporation owns everything, including the land, the building and the furnishings. If the company sells the entire asset, would it pay taxes on the furniture, all those tables, chairs and barstools? Questions like this—we’ll answer it later—make... Read More