CPE: 1 hours
Advanced prep: None
Who should attend: CPAs and lawyers.
Disposition of U.S. real estate by a nonresident investor generally triggers capital gain tax and a withholding requirement, and can include transfers of interests in corporations, partnerships and trusts. We'll cover the events that trigger capital gain recognition; the tax rate at which capital gain will be taxed; withholding rules; methods for reducing or eliminating withholding; and tax issues associated with different types of holding structures, such as eliminating branch profits tax on sale by a foreign corporation.
- Identify events that trigger capital gain taxation upon disposition of real estate or interests in entities holding real estate
- Identify and understand the withholding rules on disposition, and how to reduce or eliminate withholding.
- Recognize the tax reporting requirements for the disposition of U.S. real estate interests, what tax returns must be filed and how are they prepared.
- Dispositions that trigger capital gain taxation on U.S. real property investments
- FIRPTA withholding and exemptions
- ITIN documentation