Tax
Apr. 16, 2013
Foreign investment in REITs on the rise
While foreigners are subject to a 35 percent FIRPTA tax upon the disposition of U.S. real estate, foreign investors are increasingly using a tool that allows them to invest in real estate - in a way - while bypassing FIRPTA.
Daily Journal Staff Writer
More foreign investors are pouring money into U.S. real estate as the housing market continues to improve, fueling optimism. While foreigners are subject to a 35 percent tax upon the sale or exchange of U.S. real estate as per the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), sophisticated foreign investors with large amounts of capital are increasingly using a tool that allows them to invest...
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