HOUSE_OVERSIGHT_026831.jpg
2.43 MB
Extraction Summary
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Document Information
Type:
Legal/tax memorandum or policy analysis brief
File Size:
2.43 MB
Summary
A legal or financial memorandum detailing changes to U.S. tax law following the enactment of the PATH Act (Protecting Americans from Tax Hikes Act). It explains how foreign pension funds can now invest in U.S. real estate (Raw Land, Mortgage Loans, Blocker Corps) and REITs with increased exemptions from FIRPTA taxes. The document outlines specific scenarios where capital gains are now exempt from U.S. income tax for foreign investors.
Organizations (1)
| Name | Type | Context |
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| House Oversight Committee |
Bates stamp indicates document is part of House Oversight records (HOUSE_OVERSIGHT_026831)
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Locations (6)
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Jurisdiction for tax laws and real estate location
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Example jurisdiction for tax treaty
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Example jurisdiction for tax treaty
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Example jurisdiction for tax treaty
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Example jurisdiction for tax treaty
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Example jurisdiction for tax treaty
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Key Quotes (2)
"Under the new law, the foreign pension fund's long-term or short-term capital gain is exempt from U.S. income tax and FIRPTA withholding because FIRPTA does not apply."Source
HOUSE_OVERSIGHT_026831.jpg
Quote #1
"The Act provides all foreign investors (not just pension funds) can now own up to 10 percent of the stock of a publicly traded REIT without triggering FIRPTA tax."Source
HOUSE_OVERSIGHT_026831.jpg
Quote #2
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