Real estate


Presentation and Q&A: Global Real Estate Transactions

What: Global Real Estate Transactions — Presentation followed by Q&A Time: Tuesday, January 14, 2014 from 1:00 PM to 2:00 PM Where: Malibu Public Library — 23519 Civic Center Way, Malibu, CA  90265 Host: Malibu Association of Realtors – Global Committee Phil will be part of a presentation and Q&A session along with Mitch Creekmore, […]

Make the net election once

Nonresidents who have U.S. rental real estate will usually make an election to have their rental income taxed as if they were residents of the United States. They do this because it results in lower income tax.  It results in lower income tax for a simple reason:  if they don’t make the election their rental […]

Milestones for the nonresident investor in U.S. real estate

If you are a nonresident of the United States and are considering real estate investments in the U.S., the first thought is “Where do I start?” It is a big job to buy real estate in your home country. Investing in a faraway land adds to the complexity. Here is a quick set of milestones […]

Branch profits tax for nonresident investors in U.S. real estate

Comment: This little FAQ is a simple (for certain values of $SIMPLE) explanation of the branch profits tax for nonresident investors in U.S. real estate. As a general principle it is a Very Bad Idea for nonresidents to own income-generating U.S. real estate through foreign corporations. If you live in a country that has an […]

FIRPTA withholding credit given even when the IRS didn’t get the money

In emailed advice released today on Tax Notes Today (2010 TNT 137-56 for you TNT fans) the IRS issued a rare written piece of information on FIRPTA withholding. FIRPTA withholding When a nonresident sells U.S. real estate, Uncle Sam wants to be sure to collect tax on the capital gain that the nonresident makes. This […]

Speech to South Bay Association of Realtors

I just got back from a lunchtime speech to the South Bay Association of Realtors (that’s Torrance, Hermosa Beach, Manhattan Beach, Redondo Beach, etc. for those of you outside Southern California.  They’re having a week-long Certified International Property Specialist certification course.  I was part of the entertainment today.  Good time. I did the “FIRPTA in One […]

Outlook for commercial real estate investment

For our clients outside the United States who plan to buy commercial real estate (and I met with some of you on my recent trip to Singapore and Jakarta): By the end of 2010, about half of all commercial real estate mortgages will be underwater, said Elizabeth Warren, chairperson of the TARP Congressional Oversight Panel, […]