FIRPTA 101: A Basic Overview of a Complex Tax Law

Stewart NCS Title Tenets Webinar

March 2024

View of sky among skyscrapers with world map and currency symbols

The U.S. commercial real estate market remains a top destination for foreign investors to place their capital. At the start of the previous year, the National Association of Realtors reported that the volume of cross-border investments had already increased to $43B – an increase of 16% over the previous year and representing 7% of the total CRE transactions for the period. When cross-border CRE investors transition to the role of sellers, the properties sold in those transactions are potentially subject to income taxes and withholdings under the Foreign Investment in Real Property Act of 1980 (FIRPTA). FIRPTA is a very complex tax law that can result in significant financial penalties if ignored. Join us for a 1-hour webinar in which we’ll provide a basic overview of FIRPTA as it pertains to the role of the closer throughout FIRPTA commercial real estate-based transactions.

View the recording of this webinar.

Note: Watching the recorded webinar does not necessarily mean you will receive CLE credit.

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