Foreign Investment in U.S. Real Estate: Tax Concerns When Acquiring or Disposing of Ownership Interests
Entity Selection, FIRPTA, Blocker Corporations, and the BEAT Tax
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will examine tax challenges and practical implications for foreign investors in U.S. real estate. The panel will discuss the tax advantages of blocker companies, choice of investment structure, and other investment vehicles, and other matters.
Outline
- Overview of tax rules that apply to foreign investors in U.S. real estate
- Income
- Withholding
- FIRPTA
- Estate and gift tax
- Investment structure alternatives and their tax consequences
- Individual ownership
- Ownership through U.S. LLC
- Ownership through a foreign corporation
- Ownership through U.S. corporation
- Ownership through trusts
Benefits
The panel will review these and other crucial issues:
- What are the tax implications of purchasing U.S. real estate individually vs. through an LLC vs. a blocker corporation or a trust?
- What are the tax reporting obligations for non-U.S. owners of U.S. real estate?
- How does FIRPTA compliance vary between different ownership structures?
- How did the 2017 tax law and COVID -19 impact approaches to foreign investment in U.S. real estate?
Faculty
Edward J. Hannon
Shareholder
Polsinelli
Mr. Hannon concentrates his practice on providing advice and counsel to clients on the development of tax savings... | Read More
Mr. Hannon concentrates his practice on providing advice and counsel to clients on the development of tax savings structures for real estate transactions. He represents real estate owners and investors in the use of tax-oriented structures related to U.S. based real estate projects, development joint ventures and structures involving investment in U.S. real estate by foreign investors. He also has an in-depth understanding of regulations, including Section 1031 of the Internal Revenue Code and Delaware statutory trust and tenant common structure to facilitate the like-kind exchange process. Mr. Hannon is both an attorney and certified public accountant and is a member of the adjunct faculty the DePaul University Graduate School of Business where he teaches a course on Tax and Structural Issues of Real Estate Transactions.
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Cecilia B. (Ceci) Hassan
Founding Attorney
Hassan International Law
Ms. Hassan helps international clients, their families, family offices, and their companies with structuring their... | Read More
Ms. Hassan helps international clients, their families, family offices, and their companies with structuring their investments inside and outside of the U.S., such as international trust planning, structuring US real estate holding structures with compliance with FIRPTA, investments, and holdings in the U.S., global exchange of information (FATCA, CRS), and other international tax planning matters. She also handles general tax planning for individuals and companies.
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