Partner George McCormick took part in a webinar titled “Tax Planning for Foreign Investment in U.S. Real Estate” for MyLawCLE.
Session I, “Tax Implications for Non-Americans Investing in U.S. Real Estate,” covered:
- U.S. federal income tax implications of renting and selling U.S. real estate
- Synopsis of relevant withholding and reporting requirements (e.g., FIRPTA)
- Key compliance obligations for foreign investors, including filing status and election considerations
Session II, “Structuring and Transfer Tax Strategies for U.S. Real Estate,” included:
- U.S. estate and gift tax implications for non-resident investors
- Structuring options to minimize U.S. federal taxes, including comparison of entities and ownership models
- Practical considerations and pitfalls to avoid in structuring and transferring U.S. real estate assets
