FIRPTA


Also found in: Financial.
AcronymDefinition
FIRPTAForeign Investment in Real Property Tax Act
FIRPTAForeign Investment in Real Property Tax Act of 1980
References in periodicals archive ?
Coordination With FIRPTA and Passthrough Entity Withholding
real estate market by reducing existing tax barriers to investment, primarily under the Foreign Investment in Real Property Tax Act of 1980 (commonly known as FIRPTA).
real property interest (FIRPTA gain or loss) is considered effectively connected with a trade or business carried on in the United States, even if the property was a wholly passive investment of the taxpayer.
Before enctment of FIRPTA, tax planning strategies were available to avoid U.S.
According to the conference report on the FIRPTA legislation., a foreign investor in a partnership would be taxable on the disposition of the investor's interest to the extent that the gain represented the investor's pro rata share of appreciation in the value of USRPIs of the entity.
Real Property Tax Act of 1980 (FIRPTA) was enacted to ensure that foreign investors are taxed on the gains from the disposition of their U.S.
96-499 (FIRPTA), subjects a foreign person's gains and losses from disposition of a U.S.
real estate is the Foreign Investment in Real Property Tax Act (FIRPTA), or more specifically Section 897.
President Obama signed the Protecting Americans From Tax Hikes (PATH) Act of 2015 into law, enacting major reforms to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA).
(64) However, the Foreign Investment in Real Property Tax Act (FIRPTA) (65) imposes tax on the capital gains foreign persons derive from disposing of a U.S.
One possible strategy to avoid FIRPTA involves the use of a shared appreciation mortgage (SAM).