Transactions involving the disposition of a U.S. real property interest (“USRPI”) by a foreign person (i.e., a nonresident alien individual or foreign entity, the seller) are subject to the Foreign ...
On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) as part of the Consolidated Appropriations Act, 2016. The new PATH Act reforms the ...
The Foreign Investment in Real Property Tax Act (FIRPTA) requires most foreigners who sell or otherwise dispose of U.S. real property to pay capital gains tax on any profits. To make sure the tax is ...
FIRPTA withholding is a critical component of real estate transactions involving foreign investors in the United States. Manhattan real estate attorney Peter Zinkovetsky ( ) of Avenue Law Firm offers ...
In 2022, the National Association of Realtors (NAR) reported that 24% of international investments in real estate took place in Florida. With its beautiful beaches and endless summer weather, that ...