The Headache Cure
How to Uncover What's Really Causing your Pain and Find Lasting ReliefBook - 2006
Foreign investors and their American counterparts generally share the goal ofminimizing income tax liabilities from their US real estate investments. Thisrather straightforward aim is complicated by the fact that non-US investorsmust be concerned not only with income taxes in the United States, but intheir home country as well. What's more, the United States has a specialincome tax regime that's applicable to foreign persons. It's quickly evidentto those involved that this is a complex area subject to new developments asthe US Congress continually entertains new tax laws (and other statutes withrelevant impact like the PATRIOT Act), the Internal Revenue Servicepromulgates regulations, rulings, announcements and interpretations, and theUS courts issue opinions impacting the area.This timely and highly practical resource is designed to explore theconsiderations that are of unique concern to foreign individuals and entitiesmaking US real estate investments. To that end it details the US income,estate and gift tax aspects of inbound investment in US real property and thevarious structural techniques that may be employed to reduce or eliminate UStax liability under these domestic laws. This work's single-minded focus onreal estate, the encyclopedic coverage of relevant tax considerations, andextensive materials on non-tax issues (asset protection, non-tax reporting,limits on foreign ownership of U.S, real estate, etc.) make it an essentialresource for non-US investors and their advisers.Structuring Foreign Investment in US Real Estate covers:General rules for taxing inbound investments by non-US personsSystem for taxing operating income from foreign-owned US real estateRegime for taxing dispositions of US real estate by non-US ownersWithholding obligations of purchasers of US real estate from non-US sellersImpact of tax treaty network on US taxation of inbound real estate investmentLimitations on non-US ownership of US real estateReporting obligations for non-US owners of US real estatePlanning for acquisitions and dispositions of US real estate by non-US personsEstate and gift tax planning for foreign-owned US real estateThis one-volume looseleaf answer questions, such as:How is direct foreign investment in US real estate taxed?How is portfolio investment in US real estate taxed?What are the seller's and buyer's tax obligations when foreign-owned US realestate changes hands?What planning techniques are available to non-US persons for holding anddisposing of US real estate?What reporting obligations are associated with foreign ownership of US realestate?Are there limitations on the ability of non-US persons to own US real estate?What impact do tax treaties have on planning for foreign investment in US realestate?What state and local tax issues arise on inbound investment in US real estate?What estate and gift planning should be done for non-US owners of US realestate?
Publisher: New York : McGraw-Hill, c2006.
Branch Call Number: 616.8491 K16
Characteristics: xiv, 248 p. : ill.