As negative interest rates become more prevalent internationally, and currencies in many countries are being devalued, an increasing number of foreign buyers are looking for a haven for their money, particularly one that generates a return.
- You should have all of your clients visit with a CPA or tax attorney who has experience in working with foreign buyers before making a purchase.
- The PATH legislation makes significant changes to how real estate investment trusts are governed and to FIRPTA.
- Remember: It is illegal for you to provide tax advice.
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