On June 16, 2025, the Senate Finance Committee released its draft tax title for inclusion in the Senate’s version of the budget reconciliation bill, known as the “One Big Beautiful Bill Act” (the “OBBBA”). While the Senate...more
6/19/2025
/ Budget Reconciliation ,
EBITDA ,
FDAP ,
FIRPTA ,
Foreign Corporations ,
Foreign Investment ,
International Tax Issues ,
Investors ,
New Legislation ,
Proposed Legislation ,
REIT ,
Senate Finance Committee ,
Shareholders ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
Taxation
On April 24, 2024, the Treasury Department (“Treasury”) and the Internal Revenue Service (IRS) released final regulations (“Final Regulations”) under Section 897 of the Internal Revenue Code of 1986, as amended, addressing...more
Key Takeaways-
While foreign investors are typically taxed on gain from the sale of U.S. real property interests (which include interests in most equity REITs), they are generally exempt from tax on gain from the sale of...more