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Understanding FIRPTA: Tax pitfalls of foreign investment in US real estate

June 17, 2013
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The US Foreign Investment in Real Property Tax Act (FIRPTA) was established in 1980 for the purpose of withholding the estimated amount of taxes which may be due on the gain of the disposition of a US real property interest from foreign persons. Daniel Gross, CEO of Axis International Realty, explores the intricacies of the provision.

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