- September 27, 2016
- September 22, 2016
- September 8, 2016
NAA/NMHC Issue Fact Sheet: The Foreign Investment in Real Property Tax Act (FIRPTA) taxes foreigners’ gains on the income they earn from, and then the sale of, U.S. real estate and
other real property. FIRPTA imposes significant costs on foreign investors in U.S. real estate, thereby serving as a significant barrier to such investment. Reforming FIRPTA could unlock
billions in foreign capital that could help to refinance real estate loans and drive new investment.
Highway Bills Should Include FIRPTA Reforms, Coalition Says – Coalition statements argue the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) is a “major obstacle to mobilizing private sector capital for infrastructure projects.” House Statement Senate Statement
Tapping Foreign Investors for Apartments May Soon Be Easier – A bill has been introduced in the House that would reduce the barriers that the Foreign Investment in Real Property Tax Act places on foreigners investing in U.S. real estate. This prevents apartment firms and other real estate companies from tapping into foreign capital – an important source for developing, upgrading and refinancing properties.
Coalition Calls for Passage of Menendez/Enzi Proposal - Legislation would stimulate investment in commercial real estate by providing relief from the Foreign Investment in Real Property Tax Act.
Learn about the perks and benefits of working in residential property management and some of the reasons the industry provides career growth, stability and endless opportunities.