The Foreign Investment in Real Property Tax Act of 1980, also known as FIRPTA, is a tax law that imposes U.S. income tax on foreign persons selling U.S. real estate. Recent global challenges aside, the United States continues to be a top choice for real estate investors from around the world, with Florida being one of the most popular destinations of investment capital.
Our team of licensed title agents and support staff have extensive experience working with foreign investors and embassies throughout Europe, Asia and South America, and have successfully completed thousands of foreign national transactions involving The Foreign Investment in Real Property Tax Act (FIRPTA).
We are experts in logistics and excel at choreographing these kinds of real estate transactions, which often include parties in multiple time zones, on different continents, speaking different languages, and often requiring currency conversions.
To learn more about FIRPTA, including whether the law applies to your purchase, visit www.irs.gov and type FIRPTA into the search field.