FIRPTA Tax Blog
Congress just enacted a significant change to the required withholding tax on sales of US real estate by non-US persons, effective on real estate sales closing on or after February 17, 2016. On December 18, 2015, Congress enacted the “Protecting Americans From Tax Hikes Act of 2015 (the “New Tax Law”).
Here’s all an escrow officer really needs to know about the New Tax Law…
What Was the Withholding Tax Law on Real Estate Sales By Non-US Persons (prior to the February