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§00U.S. Property

Buying, letting and selling U.S. real estate.

Withholding on the sale price rather than the gain, the application that can reduce it before closing, and the election that changes how rental income is taxed.

5 dossiers · View every dossier

Dossiers

№1374m
U.S. Property

Holiday Gifts and U.S. Gift Tax for Non-Residents

For a non-domiciled giver, U.S. gift tax turns on what is given rather than who gives it: U.S. real estate and tangible property here are within reach, most financial assets are not, and the estate tax rules run the other way.

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№378m
U.S. Property

Form 8288-B: Reducing FIRPTA Withholding Before Closing

An application that can reduce the standard 15% withholding before the sale closes, and it must be filed by the closing date, which means the decision to apply has to be made early.

Open Dossier
№389m
U.S. Property

The Net Election on U.S. Rental Income for Foreign Owners

By default, rental income to a non-resident is taxed at 30% of the gross rent, with no deduction for costs. An election available to every foreign landlord changes that to tax on the net profit.

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№398m
U.S. Property

Selling U.S. Rental Property: Depreciation Recapture Explained

Depreciation recapture applies to what you were entitled to deduct, whether or not you actually claimed it, the least forgiving rule for an owner who never realised they should have been filing.

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№409m
U.S. Property

How Foreign Buyers Should Structure U.S. Real Estate Purchases

Personally, through a U.S. company, through a foreign company, or through a trust, four structures that trade off income tax, exit tax and estate tax exposure differently, and the choice is expensive to reverse.

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